Aug 29, 2012

Nifty Daily Chart Update -30Aug2012


Daily Trend is down below 5362(SAR)
Weekly Indicator is Bearish, 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 5400 are imp. S/R  as per Open Interest level
Aug Expiry is expected to close between 5300 and 5400
Piercing Pattern at 5164 ,5280 ,Change of polarity at 5280
Support are 5280-5250-5160-5088-5040-5000-4950-4800
Resistances are (5330-5343)-(5377-5385)-5440-5498-5630
Profit Target on Long Side are 5350-5375-5343-5500-5630







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