Wednesday, January 13, 2010

Nifty


Looks like nifty is moving in an upward moving channel and we are headed higher, also 5180 support was very well held today.Another observation is that today nifty bounced exactly from 38.2% retrachment levels for move from 4944 to 5310.

2 comments:

  1. Hi Renu,yes good one.5180 turned out to be a rock solid support.

    ss :)

    ReplyDelete
  2. Hello ss ji,

    Yes it was good to cover short @5180.

    ReplyDelete