NIFTY- As youve seen Nifty have given a nice rally in the recent - TopicsExpress

NIFTY- As youve seen Nifty have given a nice rally in the recent days. Now if you take a look at the long term weekly chart, Nifty broke channel upside and consistently moving up. Now take a look @ second chart youll find Nifty has formed another channel and upper channel line resisting. So here Nifty will accumulate volume to break upper resistance. Nifty has exactly rested on support @ 8564 further it has support level around 8480, 8356 and major support around 8188 to 8180. In the upward direction if it sustain above 8564 then further resistance levels are around 8708, 8776 and 8958.

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