Monday 9 September 2013

Technical analysis on nifty for tuesday 10 september



Nifty is going to gave a gap up opening tomorrow,actually it had a good support at 5600, which was broken on 6-8-2013, as a result we have seen much downside, but how ever it has bottomed out and we could see yesterday it broke major resistance of 5680 which shows we have further upside left and strongly suggests we could have gap up tomorrow { unless if there is any bad news from us markets which will be active tonite}.one can go long on nifty and next resistance is around 5755 and next immediate support is arround 5590.

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