November 17, 2011

NIFTY Analysis


  • Price has taken support at Lower bollinger band and the Golden ratio. But it has to show follow up buying for confirming strength.
  • Breaking below yesterdays low will favor bears to extend gains.
  • USDINR MOVING UP WITH NEGATIVE DIVERGENCE
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1 comment:

  1. varshinNovember 17, 2011 at 9:27 AM

    Sir,
    Have you noticed the 5 HEMA & 20SMA crossing on yesterday(Nifty ), any impact today onwards.
    Regards
    Gajapathy

    ReplyDelete

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