Aug 28, 2012

Nifty Daily Chart Update -29Aug2012


Daily and Weekly Trend is up above 5368(SAR)
Weekly Indicator is Bullish OB, Daily Indicator is Bearish zone 
High of  Shooting Star 5450 can be critical resistance 
Window Top 5410 can  be resistance 
End of wave -5 Target 5440 is complete.
5300 and 5500 are imp. S/R  as per Open Interest level
Piercing Pattern at 5164 ,5280 ,Change of polarity at 5280
Support are (5330-5343)-5280-5250-5160-5088-5040-5000-4950-4800
Resistances are (5377-5385)-5440-5498-5630
Profit Target on Long Side are 5350-5375-5343-5500-5630









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