IDENTIFYING NIFTY TWISTS & TURNS THROUGH TECHNICAL ANALYSIS
Thursday, December 10, 2009
CONSOLIDATION WITH VOLATILITY
Nifty has been trading in the range since 4-5 days with buying at lower levels and selling higher. Today's pivot is NF 5122 with support around 5100-5079 and resistance at 5138-5162. Strong break out only over 5162.
I entered the fascinating world of stock market a few years back and have been chasing Nifty since then. Realizing that the market has specific foot prints ,ventured into the world of Technical Analysis. I would like to share here with all visitors what I have picked up so far and would learn in the future as markets are the biggest teachers.
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