Tuesday, December 22, 2015

Channel Resistance - Watch 7738 & 7704 for Support

Dear All,

>>> Nifty Hourly Chart <<<

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

Unable to cross above 7852, resisted @ channel and started moving down.

>>> Nifty Hourly Chart - 2 <<<

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

RSI broken down may drag price down, if Price unable to get support from the channel and moving averages.