8.12.2011 Thursday

Intraday 5 min chart posted at 11.30 am



EOD 5 min chart


60 min chart eod

Price reached
1.50 Sma at EOD
2.Equal to a previous swing low at 4915-20 zone.
3.38.2 % R of previous swing move 4639-5097
4. Touched base of Trigger line / Trendline from Pivot through point C of current PF.
This can be considered as support for the fall today.
Price can retrace till 5000 zone to touch the new Blue downsloping pitchfork UMLH which is a good location to reenter shorts.
Targets 4850-4800 zone at the Blue ML.