[wp_ad_camp_5]
Nifty Spot : 3985.25
The Chart shown here is a 3 day 15 min chart. And from the chart it is infered that strong resistance at
4020 region and curretly we are in oversold region so expect a small bounce back at this level may also
extended to couple of days. But still the primary downtrend is very weak wih sensex support at 12500 and any
downside below 12500 in sensex will definitely target 10,000. And also from the weekly charts 20 day EMA
coming near 4420 with is the definite boundary for the bull and the bearzone. i.e Anthing above 4420 is a
investors buy
And from the swing charts anything above 4040 will target 4230 once again and anything below 3970 will
target 12,500 in sensex.
Regards,
Rajandan R
