Let's analyze the technical chart of Nifty, using ichimoku Kinko Hyo indicator.

 

 

 

 

 



 

 

 

This technical chart is on daily time frame. From the 3rd week of December last year, Nifty is moving in range bound. But the kijun-sen line is flat. Inspite of some highs, Nifty is still unable to touch kijun-sen level. So, in coming days, Nifty can touch the levels of 4813. So, take your positions accordingly.

Nifty Technical Chart | 10-Jan-2012
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