Half Hourly Chart
Half hourly charts show 5725 area as a strong resistance area with the 61.8% fibonacci level too at 5726.A cross of this level will take Nifty to 5815-5960 levels.
The Nifty has taken support at the 38.2% fibonacci retracement level and
broken out of the flag formation which are bullish indications.The gap
up made today adds to the bullishness.Once the 5725 levels are crossed
Nifty will target higher levels.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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