Monday, November 11, 2013

Nifty Spot Update

Trend reversal will be once Nifty Closes above the High of the Previous day. 1-2 more days to go and bias may be sidewise to down. Nifty has broken the last low confirms weakness.

 6100 Spot was given as key support and 6120 as key resistance during intraday.

Nifty should resolve between Diametric and Extracting triangle by tomorrow/day after.

We had the buying opportunity at the mentioned support, bounce and opportunity to sell at the mentioned resistance. 

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