May 27, 2016

Nifty breakout targets and resistance levels


  • Pattern rules suggest a 700 plus points target for the breakout. But it would be rare to see price go according to the rules.
  • Next crucial resistance is at 8336. If bulls sustain price above 7970 this level is likely to be achieved. Weakness if price falls back below 7970 levels on closing basis.
  • CRUDE OIL WEAKNESS @ RESISTANCE LINE
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