November 19, 2010

Nifty daily analysis

  • 5900 - 5930 was held yesterday.
  • Long shadow of the candle shows the strength of buyers. A reversal can be confirmed if price closes above 50 DMA today.
  • Failure to close above 50 DMA will be negative for the bulls.
  • Ichimoku cloud seems to be helping  bulls. Price not able to break the cloud. If nifty closes above the cloud, some upward momentum can be seen in the coming day's.
  • S&P 500 FUTURES CHANNEL BREAKOUT
  • US DOLLAR CHART

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