The December month and the 2013 year has officially ended (at least from a trading perspective) so let us see what the charts look like.
Monthly charts: attempting a breakout at 6300-6400 levels.... strong resistance here. Last 2-3 attempts have failed.
Deep support at 4500-5000 levels.
Quarterly charts: breakout from triangle (not perfect) will be bullish.
Quarterly line charts ... bigger view: nifty is still a buy ... first buy was around 1600 levels ... SL 4500
Of course... this view from academic perspective. Not easy to trade nifty like this.![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3_6Gv79qiDlR_wC83aH8Ptj3_8Ffdzirj9Tri5JN9RTHVlVsqWPIpUT80eWVn-iV9NiNcAuWponSOaQs7sSSUXA0837_F9tHfcb84p9Bm0mC07qMLNZsAaHyU4j8di5990wTno4zGEc8/s1600/a.png)
Monthly charts: attempting a breakout at 6300-6400 levels.... strong resistance here. Last 2-3 attempts have failed.
Deep support at 4500-5000 levels.
Quarterly charts: breakout from triangle (not perfect) will be bullish.
Quarterly line charts ... bigger view: nifty is still a buy ... first buy was around 1600 levels ... SL 4500
Of course... this view from academic perspective. Not easy to trade nifty like this.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3_6Gv79qiDlR_wC83aH8Ptj3_8Ffdzirj9Tri5JN9RTHVlVsqWPIpUT80eWVn-iV9NiNcAuWponSOaQs7sSSUXA0837_F9tHfcb84p9Bm0mC07qMLNZsAaHyU4j8di5990wTno4zGEc8/s1600/a.png)