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Tuesday, November 26, 2013

Trading ideas for 27th November, 2013

Hello !

As mentioned, Nifty is trading in the range and closing either on minor resistance or on minor support. Today's close ( 6071.95 ) is at a minor support of 6070. An hourly chart clearly suggest that break of 6065 might drag Nifty another 40 / 50 points down, around 6020 / 6010 kind of levels. Nifty might find a good support in that region. putting so many levels is not a rational thing so in case of further down move, updates will be given via posts during the market hours.

Nifty hourly chart                                                          Nifty daily chart

Nifty Hourly
Nifty daily


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