October 1, 2012
- Bank nifty above 10 Day EMA and 5 Day Highe EMA. Daily MACD although looking weak is still in Buy Mode.
- Immediate range for a big trade is shown in the last chart.
- A bigger fall possible below the golden ratio or 11226 levels.
- Breakout above 11536 may start a move towards 78.6% Fib level.
- NIFTY WEEKEND UPDATE
All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.