August 29, 2016

Nifty intraday update

  • Hourly charts shows support around 8540 levels. If bears unable to break this soon then price may move back into the range between 8600-8690. Immediate resistance for the current up move is the broken support of range around 8600 level.
  • Daily rising support line was violated last week But bears are not getting follow up price action. Bears need a close below this line for bigger falls to follow.