June 8, 2011

Nifty Daily Analysis

  • Nifty near its resistance levels
  • 5600
  • 38.2% Fib level
  • 20 week moving average.
  • Has to close the day and week above these levels for 5700 otherwise this trading range of 5400 - 5600 will continue for some more time.
  • DOW JONES EOD ANALYSIS
By at

2 comments:

  1. IlangoJune 8, 2011 at 12:03 PM

    Hi..San,

    "5570" may be a better median than 5600.

    ReplyDelete
  2. SanJune 8, 2011 at 12:56 PM

    @Ilango Sir

    Thanks for the Number sir. In fact my hour trading systems is showing a number between 5570 - 5580 as SAR, So looking for a daily close above 5570 - 5580. 5600 would be an additional confirmation

    Thanks again sir.

    ReplyDelete

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