Nifty Hourly Update – 19 June 2009
19 June 2009
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Nifty Hourly charts indicates likely a minor bounce back towards 4340 levels(13 EMA) as RSI shows
oversold levels.
Daily Support Comes near 34 EMA levels – 4187
From Hourly Charts:
Resistance1 : 4340 – 13 EMA
Resistance2: 4464 – 55 EMA
Only a recovery above 4464 indicates the continuation of bull run.
Related Readings
Nifty Daily Charting using 13-34-55 EMA Principle – 18 June 2009
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Written by: Rajandran R
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