Nifty go..... go...... goneeeeeeeeeeeeee.....

As expected , Nifty broke the support of 5940 and now is trading below 5900 levels....

Levels to watch out for 5880-5850-5820-5800......

No sign of respite even on the hourly charts as well...



Regards

Hrishi

Market update - 07-02-2013

Hi All,

Sorry for an update after so  many days, was on a holiday.

Hope you all are doing well

Nifty continued its loosing streak today as well with a loss of around 20 pts. It closed near a crucial support area of 5800-5840.

After a nice bullish run  from July 2012, Nifty has given signs of bearishness on Daily as well as weekly charts, as of today at least there are no signs of respite on hourly charts either.

Supports - 5790-5870-5820-5800
Resistances - 5985-6000-6060



Regards

Hrishi