September 3, 2011

NIFTY Weekend update

  • If price continue to stay above 5 day high EMA and 20 SMA then this up move will sustain till the GAP are mentioned in the second chart.
  • Weekly parallel lines are also crucial. price having taken support near the lower parallel line is staying near the middle parallel line. If weekly candle closes above the middle line then bulls will be able to extend this up move. Failing to move above the middle line will favor bears.
  • GOLD RANGE BREAKOUT
  • US DOLLAR AND EURUSD CHART ANALYSIS
By at

3 comments:

  1. GIRIANAYSeptember 3, 2011 at 9:13 PM

    Dear San,

    There is also one gap @ lower side 4747 to 4806 on 29 Aug.can we are going to fill this gap if not able to cross 38.2 retrenchment 5109 level.

    ReplyDelete
  2. SanSeptember 4, 2011 at 5:23 PM

    @GIRIANAY
    That Gap can be seen in hourly charts. 4927 is a support level, If that is broken then price may move towards the level you mentioned.

    Thanks

    ReplyDelete
  3. GIRIANAYSeptember 4, 2011 at 6:18 PM

    THANK YOU SIR

    ReplyDelete

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