Nifty
has moved above R2 the second resistant
level which should be seen as a good move. Some profit booking may take place
at this point. IT stocks and Bank stocks taking the Nifty to higher levels is a
possibility
Pivot levels for
|
22nd August 2012
|
||
Mid R3
|
5480
|
R3
|
5498
|
Mid R2
|
5451
|
R2
|
5461
|
Mid R1
|
5423
|
R1
|
5441
|
Pivot
|
5405
|
||
Mid S1
|
5395
|
S1
|
5385
|
MID S2
|
5367
|
S2
|
5349
|
Mid S3
|
5338
|
S3
|
5328
|
Gann Angles
|
Target
|
Gann Angles
|
Target
|
||
0
|
5425
|
0
|
5369
|
||
15
|
5438
|
15
|
5357
|
||
30
|
5450
|
30
|
5345
|
||
45
|
5463
|
45
|
5333
|
||
60
|
5475
|
60
|
5321
|
||
75
|
5487
|
75
|
5309
|
||
90
|
5500
|
90
|
5297
|
||
Gann traders can follow the above chart as a
guide
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