Let us see the technical chart of Nifty, using Ichimoku Kinko Hyo indicator. 

 

 

 

 

 



 

 

 

Nifty is trading inside kumo, which is a no-trade zone. Chikou-Span (CS) line is also about to touch kijun-sen line. So, one can say Nifty will surely face resistance at 4983 – 5020. Book your profits once at these levels. The support is at 4780.

Nifty Technical Chart | 19-Jan-2012
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