March 14, 2015

NIFTY Weekend update

  • Weekly chart shows price moving towards 20 Week SMA. 20 Week sma is around 8546
  • Daily chart shows price closing below 50 Day SMA. Next crucial moving average is 100 Day SMA. 100 SMA Was tested twice recently and saved bulls both times.
  • Daily chart also shows number of engulfing patterns. Latest Bearish Engulfing looks perfect 
  • Month chart is also moving towards an Engulfing pattern. Price breaking and closing below 8470 will strengthen bears.


  1. Your chart explanations are always superb,most simple crystal clear like super fine glass.Self speaking at a glass,it is well said a picture worth a thousand word in true sense.

    1. Encouraging Words They R
      Thank U Tahkkar

  2. Thanks very much sir....information is accurate :) lets wait for 100 Day SMA is breached or not and more over 18 we have US FED rate cut decsion