Tuesday, February 02, 2016

Support @ 7420 & 7380

Dear All,

>>> Nifty Hourly Chart <<<

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Resisted @ 7600. Price unable to hold above the MA's Cross Over. RSI shows a break down from trend line. 7420 if holds, a IHS like pattern visible, may support bulls. Overall - its a cat on wall. Lets wait and see.