Nifty though shoots above Gann Fan in todays opening session. But failed to close above the Breakout Fann line.
So Possibly in Coming sessions 4240-4260 will act as a Resistance zone in coming session. Uptrend will continue
only if Nifty also to cross and sustain above 4240 and 4260. Failure will target the Support line 4000 Zone in comin
sessions
Related Readings and Observations
Crude Technicals for the Week Crude : $104.45/Barell - News: Oil jumps above $104 a barrel on US bailout plan Oil prices shot up more than $6 a barrel Friday, breaking back into $100 […]- Nifty hourly trading for 12th Aug 2010 Hourly sell signal in nifty continues with cloud resistance 5462. GANN Supports/Targets are at 5370-5375 zone and 5180-5200 zone.
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nifty is above that level for 2 days.so what is the target now