Tuesday, January 10, 2012

Nifty has to break the cluster of 4765-4692 for direction


NF Hourly Chart
Nifty is in the cluster resistance of 4765-70 to get the direction for more upside. If Nifty is able to break 4765(DHEMA)-4692(DLEMA) range, then Nifty will decisively follow the trend.NS has closed below all High EMAs.

Staying above today's pivot 4732,target will be 4770/4793(R1/R2)
Staying below today's pivot 4732,target will be 4705/4670(S1/S2)



TT Data has been updated.

Before Trading please see the Golden Rules and TT Data

1 comment:

  1. Today, Nifty will go 15-20 pts up in the range 4758-4763 initially and has some resistance @ 4758(r1) and then 4776(r2) then 4794(r3). It has some support at 4729 and 4707.

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