December 6, 2010

Nifty Daily Analysis

  • Nifty has to close above 50% Fibonacci convincingly for the index to move ahead. 
  • Upward momentum will increase only if the 50 DMA and 20 DMA is taken out.
  • Above 50 DMA Nifty may target the 61.8% Fibonacci level.
  • GOLD MAY TEST THE ALL TIME HIGH

2 comments:

  1. Dear Sir,
    good morning.Instead of 20 EMA we have better accuracy in 21 EMA/SMA.It is observed in my experience and also by one of our just nifty blogmates.When I informed marketcall.in Rajendhran he immediately changed his 20 EMA TO 21 EMA IN nsetracker.blogspot.com.Better u also follow the same.

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  2. @Dhiksuchi
    I too came across 21 EMA/SMA recently will make the necessary changes in my analysis too.

    Thank you

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