NIFTY WEEKLY CHART
RESISTANCE: "5677" IS AN IMPORTANT LEVEL FOR NIFTY WHERE IT WILL FACE RESISTANCE
THE ABOVE HORIZONTAL LINE IS A CLASSIC EXAMPLE OF SUPPORT BECOMING RESISTANCE WHEN INDEX STARTS TO MOVE UP
Sunday, September 12, 2010
NIFTY 12.09.10
NIFTY WEEKLY CHART
RESISTANCE: "5677" IS AN IMPORTANT LEVEL FOR NIFTY WHERE IT WILL FACE RESISTANCE
THE ABOVE HORIZONTAL LINE IS A CLASSIC EXAMPLE OF SUPPORT BECOMING RESISTANCE WHEN INDEX STARTS TO MOVE UP
NIFTY 12.09.10
NIFTY DAILY CHART :
FIBO LEVELS: IF WE TAKE THE RECENT FALL IN THE NIFTY FROM 5550 TO 5348 AND CALCULATE THE FIBO LEVELS , WE ARRIVE AT VERY IMPORTANT LEVELS WHERE NIFTY WILL FACE RESISTANCE
AT 161.8% RETRACEMENT OF THE ABOVE MENTIONED LEVELS COMES AT 5675 WHICH WILL ACT AS STRONG RESISTANCE
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