Below is the technical chart of Nifty, using Ichimoku kinko hyo and Parabolic SAR indicators. Time frame is daily time frame.

 

 

 

 

 



 

 

 

Nifty has already broken the stop-loss of 5486.40 given by Parabolic SAR indicator and is moving downward. The first support level of Nifty is at kijun-sen line viz. @5271.1. One should not take fresh position in Nifty till it closes above 5629.90, as it is its strong resistance level.

Nifty Technical Chart | 24-Feb-2012
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