Wednesday, January 13, 2010

NIFTY 13.01.10

NIFTY DAILY :

FIBONACCI RETRACEMENT :
NIFTY TOOK SUPPORT AT 5171(*5169.55) WHICH IS 38.2% RETRACEMENT OF THE ENTIRE RISE FROM 21/12/09 (4943) TO 6/01/10 WHERE IT MADE HIGH OF 5310

CRUCIAL LEVELS : 5170 IS VERY CRITICAL LEVEL WHERE SUPPORT WAS SEEN NEXT IMPORTANT LEVELS ON DOWNSIDE ARE AT 5160 AND 5150 AND 5125

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