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Friday, October 14, 2016

(2) Nifty Chart & Trading Levels For 14/10/2016 ::


-          Nifty Spot ::
-          Long bearish breakdown candle, made lower low conformation.. BUT hold  last strong zone 8540-8560.. As Far as Close above 8540 noting to worry for bulls in short term treading..
-          MSi down trend at 21 ( Near oversold level)
-          Short term indicator again enter in oversold region..
-          Overall momentum bearish but above strong support zone..
-          Stuck with levels in intraday trading..
-          On 14th Oct. Above 8584 buy with stop-loss 8563.. Below 8563 sell with stop-loss 8584..
-          Resistance for up move at 8616/8649/8662..

-          Supports at 8563/8540/8530/8496..

Posted by MY CHART at 10/14/2016 09:14:00 AM

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