Nifty Eod Chart, 10-02-09

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


EOD view: markets overbought on 15 min/ hourly charts. They are also at critical fibonacci retracement levels (refer 5 min/ hourly charts).
Prior support at 2870 getting tested. Weakness if this level breaks.
Weekly charts: rangebound between 2600 and 3150. Resistance on RSI (14 bar).
20 day swing : now with BUY mode with SL 2660...not very far. The earlier BUY and SELL have failed.