October 29, 2012

NIFTY Chart Analysis

 
  • First chart of nifty shows price movement inside the range. Bears need a close below 5635 levels, Targets on down side will be the GAP area or the rising up trend line as shown in the second chart.
  • On weekly closing basis nifty bulls are trying to protect their position above the Golden ratio. If this is broken on weekly closing basis we could see a bigger correction towards 50% Fib level.
  • NIFTY INTRADAY CHART WITH AUTO REFRESH
-->

No comments:

Post a Comment