July 12, 2011

NIFTY Daily chart analysis

  • Nifty may break 5600 today morning because of the global markets.
  • Fib levels shows 5531 as the next support level.
  • Bearish candlestick of Friday is being supported with follow up selling. 
  • Closing below 5 day low ema will make bears more powerful.
  • If the GAP is large we might see a bounce to partially fill the GAP.
  • S&P 500 EOD ANALYSIS

3 comments: