NIFTY DAILY LINE CHART:
LINE CHARTS ARE NOT USED REGULARLY BY TECHNICAL ANALYST AS IT DOES NOT SHOW THE VOLATILITY OF A PARTICULAR STOCK DURING THE DAY (i.e open ,high , low)
BUT AS SHOWN ABOVE NIFTY HAS TAKEN SUPPORT AND FACED RESISTANCE AT VARIOUS POINTS ON A LINE CHART
SUPPORT LINE: ON 19/04/10 NIFTY CLOSED AT 5204 (PURPLE DIAMOND) WHERE ON PREVIOUS 2 OCCASION ALSO IT HAD TAKEN SUPPORT AT SIMILAR LEVELS
RESISTANCE LINE: NIFTY CLOSED AT 5304(BLUE ARROW) WHICH IS EXACTLY AT THE UPPER TRENDLINE
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