Wednesday, June 22

Nifty and SBI trading levels for 23 June

Nifty Hourly
Nifty Did nothing today was just consolidating in a range and We formed one more Inside Day (Unable to break previous day High and Low) and range is getting smaller for a breakout either on break above 5325 and below 5249.
From a short term perpesctive if 5196 taken out than we are in for a downhill till 5000.


Nifty Daily
On Nifty daily chart we can see a parallel channel formation and the bottom of channel being a resistance.Break above the  lower channel will take nifty to 5365 as shown in …
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