Wednesday, January 29, 2014

Nifty facing resistance at demand line of Triangle Pattern.


Today was Gap -up opening in Nifty.
Nifty traded within the trading range of yesterday session.
It has taken Resistance at Triangle lower up-trending trendline, however it took support at 100 day S.M.A.
Nifty closed at its 100 day Simple Moving Average standing at 6120.
Resistance 6165
Support 6120, 6070, 6050, 6040.

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