August 6, 2014

NIFTY Update after a Long Break

I AM SHIFTING TO A NEW HOUSE AND DEALING WITH PERSONAL ISSUES SO UNABLE
TO UPDATE CHARTS ON TIME. HOPING TO FINISH THE SHIFTING PROCESS IN A WEEK OR TWO AND WILL COME BACK TO REGULAR CHARTING.  
   




  • Nifty Bulls are trying to protect the crucial 50 Day SMA. 
  • Daily chart with MACD is showing negative divergence but price is yet to show any weakness.
  • Price yet to test the up trend line shown in chart 4. For bears price must break below the trend line, 50 day SMA and 7422 levels to confirm weakness.

11 comments:

  1. CONGARATULATIONS AND GOOD LUCK MR.SAN

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  2. WE FELT LIKE MONSOON DEFICIENCY TILL NOW.

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  3. Sir, Hope and wish it is a new house and Gruhapravesh. If so, My heartiest Congratulations. By chance, if not, Best wishes to acquire one very soon.

    Regards

    SN

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  4. Thanks ram and S N For the well wishes. All issues are solved now I will be back to charting from next week onwards.

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  5. This comment has been removed by the author.

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  6. Congratulation for new house nice analysis
    thanks
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  7. Update after a long break this is a good make over in the market and gives a very interesting things in nifty for the market to grow.
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