Monday 20 May 2013

Nifty Page: 20-05-2013(EOD)

The 5/10 Hr EMA cross on Hour chart  was the major take-away of today's session and a close below 34 Hr EMA ( where it took support today) would confirm that an Intermediate Top has indeed been formed at 6229 and we may very well be in a retracement to upmove 5477-6229=752--
50% retracement targets 5853 
61.8% retracement targets 5765

 And I would be concentrating on these channels currently:
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