Nifty 50 stocks study charts

Monday, May 27, 2013

Nifty 27 May 2013 9:32 AM

                                                             30 mins chart

Nifty is in the resistance zone which is due to the gap as seen in the chart. If breaks it and trades and sustains above 6022 then we may see a rally.  If unable to cross the level then after some consolidation it may gow down. Wise strategy is to wait and watch and then enter the market in the direction of the trend.

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