NIFTY UPDATE
1.On 7-11-2013 we can see that nifty made an attempt to cross 6317 level , but failed to do so.
2.This failure is an indication of short term trend reversal .
3.we can also see nifty has broken rising trend line with volumes .
4. now important resistance level is 6243-6233 and immediate support is 6175 , below that it may test 6127.
note :- short term trend may remain down if nifty closes below 6185 on 8-11-2013
2.This failure is an indication of short term trend reversal .
3.we can also see nifty has broken rising trend line with volumes .
4. now important resistance level is 6243-6233 and immediate support is 6175 , below that it may test 6127.
note :- short term trend may remain down if nifty closes below 6185 on 8-11-2013
