October 8, 2010

Nifty daily analysis

  • Nifty is trading close to its 5 day low ema this was were nifty got support last time. Nifty may get support from this ema again. One has to watch carefully though as a break and trade below this ema may also be negative for the short term.
  • From the second chart one should understand that if nity is to make another all time high it will break 6222. It may be safe to go long above this level with a small stop loss.
  • CUP AND HANDLE OF RELIANCE INDUSTRIES

2 comments:

  1. San, will nifty make another attempt to go 5day l ema 6095 or it will now in positive bias?

    ReplyDelete
  2. Next week starting will favour bulls.

    ReplyDelete