Thursday, November 7, 2013

Nifty Spot Support - Important level

6130-6141 Nifty Spot has plenty of Support.

6130  - 80% retarcement level for 6079-6343 rise
6142 - 20 EMA
6163 - 20 DMA

to complete the retracement of rise from 6079 - 6342.95, Nifty has to retrace 6079 by tomorrow (preferred) or Monday opening hour Maximum. If done d-leg (of the probable extracting triangle) will be confirmed. If not then other options have to be exploited.

No comments:

Post a Comment