September 4, 2012

NIFTY Support and Resistance levels

 
  • Nifty staying above the cloud will favor bulls to move up. Price falling into the cloud may give a breakdown.
  • Weekly candles could not sustain above 100 week SMA.
  • Daily chart shows price near support and resistance lines. Price may give a bigger move from this level.

6 comments:

  1. Good Morning Sam

    Have been following your posts and must say they help in taking trading decisions. Congratulations on precise and accurate analysis. One suggestion if I may request- When you summarize your analysis can you please give the levels also. This will really help in our trading.For example today "Nifty staying above the cloud will favor bulls to move up. Price falling into the cloud may give a breakdown."If the cloud level is also given it will help in taking informed decision

    Many Thanks
    Regards
    JT

    Thanking you once again

    ReplyDelete
  2. @Just Trade
    I am not able to give levels because of time constrain. Since i'am also doing US market analysis my sleeping time is very less. And when i wake up my 3 year old daughter wants me to spend time with her. So in-between this i have to finish my analysis. So the morning analysis has to be very quick.

    I will try my best to show useful levels.

    Thanks for your comment.

    ReplyDelete
  3. VERY DEDICATED GUY BOTH IN MARKET AND FAMILY.
    PLEASE , PLEASE YOUR DAUGHTER FIRST THAT IS PRIME IMPORTANCE.

    REGARDS,
    V.RAMESH

    ReplyDelete
  4. VERY DEDICATED GUY BOTH IN MARKET AND FAMILY.
    PLEASE , PLEASE YOUR DAUGHTER FIRST THAT IS PRIME IMPORTANCE.

    REGARDS,
    V.RAMESH

    ReplyDelete