June 23, 2011

NIFTY EOD Update

NIFTY EOD
  • Nifty ends the day with a bullish engulfing pattern.
  • Price if opens and trades higher this pattern will be effective.
INTRADAY UPDATE
  • Nifty at the top of the range and price near 50 Hour moving average.
  • So for today's up move to continue price should give a breakout and stay above these two crucial levels.
  • Daily close above these levels will favor bulls.
  • Unable to break above 50 Hour moving average will be negative for bulls.
  • RELIANCE INTRADAY UPDATE

1 comment:

  1. good morning & have nice day.thanking you very much for sharing.

    ReplyDelete