Below is the technical analysis of Nifty, using ichimoku kinko hyo indicator.

 

 

  

 



The day Nifty managed to closed above kijun-sen line @5049, it started is immediate uptrend. But, if you look at the chart, it’s near kumo, which is its main resistance area. Chikou-Span line is also going to face resistance at kijun-sen line.

On weekly chart, 5138 is the tough resistance ahead. Crossing it, it can lead to 5355.

Take your positions accordingly.

Nifty Technical chart | 14-June-2012
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https://www.dodacharts.com/wp-content/uploads/2012/02/https://www.dodacharts.com/wp-content/uploads/2012/02/adminIndiaAnalysis,area,Below,Chart,Chikou,Crossing,day,Hyo,Ichimoku,indicator,June,Kinko,kumo,line,nbsp,Nifty,resistance,span,technical,uptrend Below is the technical analysis of Nifty, using ichimoku kinko hyo indicator.          The day Nifty managed to closed above kijun-sen line @5049, it started is immediate uptrend. But, if you look at the chart, it's near kumo, which is its main resistance area. Chikou-Span line is also going to face...Technical Analysis of Stocks & Forex