Daily Chart
Daily Chart
The Nifty gapped down but the gap was filled soon enough.Trade for the entire day was below yesterday's low of 5169 but managed to close above it.The support from the falling channel from November 2010 is at 5109 and from the flag is at 5056.Chances of the uptrend resuming is high if these supports hold.
Half Hourly Chart
Fibonacci supports and resitances marked in the chart above.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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