February 16, 2016

Nifty chart analysis

  • Nifty month shows a successful topping pattern in play for bears. Hope for bulls is the rising support line from 2252 level. If this does not hold Price may test 6300 levels as there is no proper support till 6300 levels. So bulls must try to hold above the rising support line to avoid a bigger correction. 
  • One hour chart shows price below 200 Hour SMA. Price must move above this line for a bigger reversal to happen.
  • CRUDE Oil Trend update

No comments:

Post a Comment