Saturday, July 13, 2013

Nifty entered in new channel range will be 5900-6100

Nifty entered in new channel range will be  5900-6100 …This chart is showing that 5900 is very strong support bed …so  possible retracement  may be upto 5915 -5900 but upside is easily reachable to 6100 …bollinger opened its face …showing momentum is there ..though  ended making  hanging man and rsi at 70 but we  have to wait for confirmation of reversal other wise  looking up towards 6100 …


Horizontal channel visible at chart


NIFTY_Daily_13-07-2013



Nifty entered in new channel range will be 5900-6100

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