July 31, 2012

NIFTY Chart analysis



  • Nifty daily chart has one more GAP to be filled between 5267 - 5300. But price has to cross a crucial resistance zone before that.
  • Nifty's 20 Day SMA at 5218.
  • 5 Week High EMA at 5223
  • Golden ratio for the move from 5348 - 5032 is near 5229.
  • Crossing the above mentioned levels may help nifty bulls to fade the GAP at the Top


No comments:

Post a Comment