ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥


This is the "Oldest & Only Website" in whole World
in which Nifty & Indian Stock Markets Outlooks 
are being updated for the last more than 
"15 years means from 2010" & has been posted 
"more than 10,000 Daily & Weekly accurate 
Outlooks" with "Intraday Charts Analysis"

For its live Proofs just see "Archive"
in the "bottom of this Website"

Trading "calls" from our "Software" with more than "90% accuracy"

Technical Analysis and Research For 24-10-2011


Nifty-EOD Chart(21-Oct-2011):-
Just click on chart for its enlarged view
Technical Patterns and Formations in EOD charts

1- Range bound within 4720-5229 for the last 52 sessions.
2- 9 Sessions trading between 4964-5160.

Resistances are as follows;-

1- Old Resistance 5145-5220
2- Selling between 5135-5155(on 17-10-2011)
1- Selling between 5102-5120(on 21-10-2011)
2- Selling between 5088-5098(on 21-10-2011)

Support are as follows;-

1- Buying between 5012-5035(Strong support)
2- Buying between 4970-4983(Weak support)

Conclusions

As good selling at higher levels on 21-10-2011 therefore slipping below 5000 and testing of above mentioned supports is possible in the coming sessions. As no strong support between 4720-4964 therefore sustaining below 4964 will mean sharp fall.
Posted by at