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NIFTY Weekend update


  • NIFTY Month chart shows price closing above 20 Month SMA and 5 Month High EMA after many months of failed attempts.
  • Weekly chart testing previous resistance level of 5735.
  • Daily chart continue to sustain above 10 Day EMA. Daily candle looks similar to a shooting start not perfect but looks bearish, One negative for bears here is that price closed above 5 Day High EMA.
  • Crucial levels in daily time frame is shown in last chart.


Posted by San at 8:23 AM

4 comments:

Manish said...

San

Your stuff is always Gr****8.

Thanks and Regards Always !!!

September 29, 2012 at 1:18 PM
San said...

Thanks for the comment Manish

September 29, 2012 at 2:30 PM
Sanjay Jaiswal said...

@San,

Brilliant Charts and perfect conclusion...

September 30, 2012 at 11:33 AM
San said...

@Sanjay Jaiswal

Thanks for the encouragement.

September 30, 2012 at 12:27 PM

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