Nifty-EOD Chart(13-Apr-2012):-
36 sessions correction. Resistances and Supports within this correction are as follows:-
Resistances:
5- 5588-5625
4- 5418-5487
3- 5357-5377
2- 5318-5337
1- 5275-5305
Supports:
1- 5175-5236
2- 5136-5167
3- Two times support at 200 Day SMA in on going correction and 200-Day SMA is today at 5145.
Crucial 3 Fibonacci Retracement Levels(5629-4532)
1- 38.2%- 5209(Aleady broken down)
2- 50.0%- 5080(Testing possibility can not be ruled out in any correction)
3- 61.8%- 4950(Testing possibility can not be ruled out in any correction)
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Resistances:
5- 5588-5625
4- 5418-5487
3- 5357-5377
2- 5318-5337
1- 5275-5305
Supports:
1- 5175-5236
2- 5136-5167
3- Two times support at 200 Day SMA in on going correction and 200-Day SMA is today at 5145.
Crucial 3 Fibonacci Retracement Levels(5629-4532)
1- 38.2%- 5209(Aleady broken down)
2- 50.0%- 5080(Testing possibility can not be ruled out in any correction)
3- 61.8%- 4950(Testing possibility can not be ruled out in any correction)