Monday, January 28, 2013

RBI to Decide Nifty Move !

Dear All,

> Click the Chart to See on Full Screen <

It was a Choppy trade in Nifty ahead of RBI's Monetary Policy tomorrow. Since no Major Movement and also we have discussed a lot in last week, lets look into a very close look at in 5 min Chart about whats happening in today's move.

Above chart is a 5 mins chart - forming a 1-5 movement. The Count invalid below 6045 or to say it as a Intermediate Reversal.

Since FOMC meet also to be held for 29th and 30th of January, there can be a lot of Volatile due to news flow.

Support 6051 and 6045

Resistance 6083 - 86 and 6105

Lets See!!!