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Friday, November 29, 2013

Nifty....S...6070/6030....R......6114/6135


Nifty, though bounced and gap up , couldn't make new high (6122), and as expiry day it was volatile session. Today being weekly close, must watch some levels which are based on weekly time frame. According to this one may watch 6075 and on lwer side and 6178 on upper side.If close below 6074 weekly momentum with negative bias will continue and if close above 6178 then weekly will turn positive. See whether it close above 6105 today which is 80 % of last fall. Still there are mixed cues on different time frame. Monthly positive, Weekly negative and Daily posiirive.

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