February 06, 2009

Nifty EOD Chart 06-02-09

This is for education purpose only and may not be useful for trading

EOD view: markets back to range. Closing near weekly high. Region of 2800-2870 remains strong resistance area.
Weekly charts: rangebound between 2600 and 3150. Resistance on RSI (14 bar).
20 day swing : in sell mode (SL 2930). The earlier BUY signal has failed. If the current SELL signal fails, it will mean a massively big rangebound market.

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