17 December 2013

INTRADAY NIFTY UPDATE

Nifty opened with a downfall and continous faced selling pressure amidst the price action while closing just above 6141 which is the 61.8 percent retracement levels of the entire upmove from 5970 to 6415. Till Price Index Holds 6150-6160 levels and is witnessed likely to bounce back upto 6230-6240 levels.


Suppose the Index breaks below 6150  and sustains below it, its likely to push prices lower upto 6060 level. Resistance would sustain at 6230-6240 level and continue to the same, could lead the recovery upto 6275-6308 level.

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2 comments:

  1. worried about today....

    ReplyDelete
  2. thank u for the nifty tips....

    ReplyDelete