My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
December 14, 2013
NIFTY Weekend update
- Daily chart is approaching crucial support levels like 23.6% Fib level and 50 Day SMA.
- Daily chart With MACD shows price correction after negative divergence. Weekly indicators too is starting to turn down with Negative price action.
- So if price starts to trade below 50 Day SMA, Bigger correction is possible.
- RELIANCE INFRA Weekly Resistance line
- TATA MOTORS WEEKLY RESISTANCE LINE
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