Thursday, March 6, 2014

Nifty breaks out of the critical resistance of "6343-58"along with a highest close.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Pre-Market View.

Above 6336, prices are likely to break thru' major resistance of 6358 and move towards 6400 & higher as long as they hold 6319 in the first session.
The corrections have been of 71-75 points on the maximum & 32-40 points on the minimum side.
Weakness below "6319".
Whenever larger trend is in force, keeping a distance from the Shorter T/f would help to get a better perspective of the happenings.
Remember, strength continues above 34 Hr sma(avg in red) as is evident from the chart below...