Jun 5, 2012

Nifty Analysis for 06 June 2012



  • Nifty month chart shows support at 4530 levels.
  • Nifty have  good support between 4700 - 4800 level. Trading below 4700 should give 4530 levels. See Hourly Candle Chart for Support level.
  • Daily is getting support at 78.6% Fib level. Broken golden ratio will act as immediate resistance level.
  • 4800 remain good buying area for short term gain. 
  • High Probability EOW for Wave 5 got completed.















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