Thursday, December 29, 2011

Nifty yet to gain downward momentum

Nifty, having closed below DHEma, losing up-momentum but yet to gain downward-momentum.

Nifty Hourly Chart
Tomorrow is expiry day and huge volatility is expected.
If 4675-4700 protected in first half then we may see good short covering in second half.
Bulls will find real strength after sustaining above 4725-4750 and then 4825-50 rock solid resistance. Short term buyers must respect value of 4650 & sellers must value 4825-50.

Look for a developing Fast Fall setup in Hourly Chart



TT Data has been updated.

Before Trading please see the Golden Rules and TT Data

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