Nifty 50 stocks study charts

Thursday, January 10, 2013

Nifty 10 Jan 13 9:10 AM


                                                               nifty 30 mins chart

 Nifty is sideways since 2nd January forming horizontal trading channel ( between two white trend lines) on 30 mins chart as shown chart. It had made gap up opening on 2nd January and that gap is now acting as a support downside (between two yellow trend lines).
6000 is an important psychological level and may act as a resistance upside.

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