February 28, 2012

NIFTY Chart Analysis

  • Nifty MACD sell signal has done well so far. Possible support levels are 200 SMA, 38.2% Fib level and the channel resistance line which may act as support. 
  • BANK NIFTY CHART
  • USDINR HEAD AND SHOULDERS AND 200 SMA
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1 comment:

  1. Soni NalinFebruary 29, 2012 at 6:06 PM

    The Sir,

    The Forth wave retrace only Third wave, but unfortunately, Fibonacci taken from First wave,in above Graph,
    How is it possible .........?

    After Fifth Wave do retrace, all i. e. First to Five, that is true

    ReplyDelete

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