Sunday, July 25, 2010

NIFTY 25.07.10 (C)


NIFTY DAILY CHART:


CLIMAX ZONE: AS CAN BEEN SEEN FROM THE ABOVE CHART WE ARE SEEING CONVERGENCE OF 2 TREND LINES ( BLUE AND ORANGE TREND LINE) AT AROUND 5500 

THUS 5500 WOULD BE IMPORTANT LEVEL TO WATCH WHERE WE HAVE MULTIPLE RESISTANCE WHICH WOULD BE DIFFICULT TO BREAK

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