Aug 21, 2012

Nifty Daily Chart Update -22Aug2012


Daily and Weekly Trend is up above 5320(SAR)
Support are (5330-5343)-5280-5250-5160-5088-5040-5000-4950-4800
Resistances are (5377-5385)-5440-5498-5630
Piercing Pattern at 5164 ,5280 ,Change of polarity at 5280
Bullish engulfing pattern(5385) is immediate support 
End of wave -5 Target 5440 is near.
Weekly and Daily Chart is Bullish OB zone , Manage existing position 
Profit Target on Long Side are 5350-5375-5343-5500-5630








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