Nifty Technical View for Jan 21

By | January 21, 2011

Nifty Hourly Chart

Nifty Hourly chart is showing a trading range of 5630 – 5750 levels

As shown in chart break on either side of range will give a breakout and some quick points can be minted.

Buy above 5750 Tgt 5771,5761,5803 and 5825

Sell below 5692 Tgt 5655,5630,5606 and 5550

Nifty Daily Chart

Trading range of 5630 and 5740 with positive divergence in RSI

wait for break the range or sell at swing high  5750 and buy at swing low 5630

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