Friday, 13 January 2012

Outlook of Nifty for 13th Jan


Nifty has formed a 'Harami White' on daily charts. Nifty future resistance is still placed at 4890 and cross over can target 4915-4936-4943. The support is placed at 4848-4837 and breach will drag it to 4821-4802-4792-4782 and if at all breaks this chain then a sharp sell-off can be witnessed. Watch 4818-4890 closely.

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