February 14, 2014

NSE NIFTY: Chart Update - 13 Feb 14


First disclaimer is all these lines are not prepared by me yesterday... they are here for some time now.. as per the trend line and Nifty trend it never closed below the levels of 5972.5 but yes it is giving respect to the resistance around 6100 levels which it tested on 12 Feb and another 7 trading days before... Lower levels needs to be decisively breached by closing below this level for 3 days in a row to confirm the trend (unfortunately it will be too late if the markets have to fall to take advantage of the position).



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