November 21, 2012

NIFTY Chart analysis

 
 
  • Nifty daily trying to stay above a falling support line. If this line is not broken we may see an up move.
  • Weekly chart is showing a MACD Sell signal . If the MACD signal takes effect then price may slide towards Weekly middle bollinger band. A weekly close below this level could bigger down moves for nifty.
  • So for bulls price should sustain above the falling support line and should move above the 50 Day SMA.
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1 comment:

  1. NattuNovember 21, 2012 at 10:54 AM

    Hi San,

    Can you please share your view on Titan Industries. It went up by 40 rupees in 3 trading session. Wish to know how technically it's strong?

    Regards,
    Nattu

    ReplyDelete

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