Wednesday, January 15, 2014

EOD Update - Nifty Spot Hourly Chart

Nifty has passed two tests. 
1. It has recovered above a significant trendline
2. It has kissed the falling trendline connecting previous 2 tops recent tops i.e 6415.25 and 6358.3.

Now next two vital tests would be to retrace 
1. 6358.3 in faster time 
2. Cross 6415.25 

Let the market tell where it wants to go.

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