Wednesday 20 August 2014


Nifty




Nifty has breached resistance at 7800 and created new high . If it sustains above 7800 then there are greater chances that it will reach 8000 -8200 in medium term . Reversal will be closing below 7800 on weekly basis . 

LT



After breaching resistance at 1475 LT made a high of 1770 . Now as you can see in the above chart 1475 which was acting as resistance is acting as support . As long as LT stays above this level Trend will be up .

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