Nifty Technical Analysis

By | December 6, 2009

Nifty has closed 3 week in green,this eek it was propelled by more than expected GDP number at 7.9% and positive auto sales number.Nifty has formed double doji and a spinning top on daily charts as shown in the daily chart above.

So we may see a bit of pause or a mild correction before showing an upmove.

Nifty Weekly Levels
Weekly Pivot:5087
Weekly Resistance:5180,5240,5295,5340
Weekly Support:5060,5005,4945,4895

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