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Tuesday 31 July 2012

Nifty August Futures aiming 5350?

Nifty chart at 02:35 PM IST
Click on chart to enlarge
On 30th July as soon as Nifty price came out of 61.8% retracement arch resistance, it moved past 5200 with ease. Next Nifty resistance is at 5350 as seen from the following chart and support unchanged from 5100 in shorter term. With RBI's news around Nifty can touch both support and resistance and also will decide it's future course in next 2-3 days
Click on chart to enlarge
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