Nifty 50 stocks study charts

Tuesday, September 23, 2014

Nifty 23 Sept 2014

                                                               5 mins chart

Nifty broke out the level of 8130 yesterday and had sharp upward rally. But nifty did not cross friday's high at 8160 and yesterday it made U turn to close the day at 8146. Today also it tried to cross the same level but failed and corrected to 8130 from where it bounced back now ( 8130 is a support downside). Breaking 8130 nifty will have more downside and vice versa.

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