My blog tries to Analyse the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 10, 2015
Nifty chart analysis
Nifty has a death cross in place but price for now is staying above both 200 and 50 day sma. For bulls the resistance is seen at Golden ratio as shown in chart 2. Bigger up moves will not be possible till price stays below this level. So for now price is in a range between 8300 and 8650.