Nifty Chart - Hourly:
On the lower side 4630 is the initial support, below which 4610-4600 is the next support. Nifty has to sustain above 4582 levels, below which it may show some weakness.
Wednesday, August 26, 2009
Nifty Technical Analysis For 26th Aug 09
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Nifty Chart - Daily:
Nifty is near to the resistance in the trading range, from the past 5 days volumes are increasing which is good for bulls.
Nifty Chart - Hourly:
On the higher side 4700 is the initial resistance, above which 4726 is the next one. 4742 is the next resistance. Nifty has to break through these 3 levels decisively with good volumes. If it breaks through that range with good volumes then nifty may reach up to 5050 levels, which would the initial target.
On the lower side 4630 is the initial support, below which 4610-4600 is the next support. Nifty has to sustain above 4582 levels, below which it may show some weakness.
Nifty Chart - Hourly:
On the lower side 4630 is the initial support, below which 4610-4600 is the next support. Nifty has to sustain above 4582 levels, below which it may show some weakness.
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