February 28, 2011

Nifty daily analysis

  • Long term picture will favor bears as long as nifty trades below 50 week moving average.
  • We may see wild swings today because of the news. So it would be wise to trade based on closing values.
  • 5369 can be kept a the balance of power for bulls and bears. 
  • Closing above 5369 will favor bulls and break below 5177 will favor bears.
  • TATA MOTORS TREND LINE TOUCH
By at

2 comments:

  1. wormwood34February 28, 2011 at 8:43 AM

    hi san gm..any charts suggest nifty below 5000 before expiry..

    johnson

    ReplyDelete
  2. SanFebruary 28, 2011 at 8:54 AM

    @wormwood34

    Good Morning

    as of now it is neutral to negative. We may see wild swings today because of the news so it is better to wait till 3 P.M by the time we may get a clear direction.

    ReplyDelete

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