Aug 14, 2012

Nifty Daily Chart Update -16Aug2012


Daily and Weekly Trend is up above 5270(SAR)
Support are 5330-5280-5250-5160-5088-5040-5000-4950-4800
Resistances are 5380-5498-5630
Piercing Pattern at 5164 ,5280 ,Change of polarity at 5280
Profit Target on Long Side are 5375-5500-5630
If market break through the structure (5377) ,123.6  is target (70%)
If market break the structure (5377) 123.6 ,161.8  is target (50%) -always trade with minimum position 
Bearish engulfing pattern in 60 min  @5387 











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