Nifty Chart Update for 08/12/2014

Nifty Chart Updated 05/12/2014...

Nifty has failed at the first hurdle at 8619.80...

Also has hit the supports at 8531 twice in 2 days...

With the close at 8538.30 ...... shows index forming a heap at the bottom of the range....

So both reasons do not make the earlier forecast a viable scenario....

Major Supports below 8531 are at 8457.80.....

Below this we have to be cautious.....

For both for further breakdown or false one to recovery back in the range.....

December month is expected to be volatile as September 2014 .....


Happy Trading !!!