Spot Nifty Intraday Update for 16/01/2015

Nifty Chart Updated 15/01/2015 EOD....

The level was which spot nifty is positive is 8498.55....

Today's range till update is 8530.75 to 8452.25 ....

Intraday shorts below yesterdays high at 8527.10  taken has given profits....

Earlier swing high is 8445.60... which should be kept in mind....

Shorts till 8445.60 nearly at 8452.25 are achieved......

Back-testing of breakout is norm for market and markets derive strength from such moves.......

Watch 8445.60 critically....

Intraday momentum above 8498.55 only.......




Happy Trading !!!

Analysis given with mandatory disclosure given on site on 03/12/2014.
Please read it before taking any trading decisions.......