Thursday, December 18, 2014

December 18, Nifty Technicals

Overnight global cues look good, but the dollar has breached play it safely..Look to the overhead Fibo clusters..they may offer resistance. If they are taken out, we have a short term up move on our hands. Weekly is still down, so caution is advocated.
8175 8189 are important levels to watch.7904 is the floor, being 80% of the upmove from 7724.
tion advocated with longs.

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