December 31, 2013

NF monthly charts

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.

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