Thursday 21 January 2016

Nifty 50 (7309)

Traders are expecting reversal as the fall has been from quite a long time but charts are still not showing it 

Yes pull back can happen but to say reversal its too early

Selling pattern target are 7154..7130

Nifty's yesterday last hour pull back has brought some hope of reversal 
If it maintains above 7284 we can see some good move upto 7470..7500 zone 

Resistance level to watch 7460...80 

Support level below 7284 are 7154...30

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