Wednesday, February 13, 2013

5916 Support

Dear All,

>>Click the chart to see on full screen <<

Today's gap up opening after 5890 gave support and a sell off in the later part of the trade - due to record high trade deficit of Rs.20b in January raising a lot of doubts to many traders that nifty won't sustain from here.

Given above was a 5 min chart, which i feel 5916 is a good support as per my count, if not broken tomorrow we may see a bounce once again to 5990 and 6005.

Lets see!!! Cheers!!!