Tuesday, July 03, 2012

Ready for Reversal ??

Today Nifty moved inside a 'very close Range' - So I'm giving the sub minit counts with 5 minute chart - Since We don't know where Nifty is getting reversed - its becoming important to look into 5 minute chart.

Morning Nifty traded above 5301, came down and closed at 5287 shows the strength of the Resistance. Now Nifty had a Immediate support at 5265 and 5342 Resistance as shown on chart - is Important for tomorrow - may decide the trend. Cheers!!!