May 20, 2016

Nifty support and resistance levels

  • Crucial support for nifty is the 50 Day SMA Line. Close below this one may tilt the balance in favour of bears.
  • Daily shows a broad range between 7680 to 8000 level. There is a small range within this big one which is stopping bigger moves from happening.


3 comments:

  1. Thanks for Nifty analysis,

    ReplyDelete
  2. The pull back could be due to the impending cross over of 50 DSma (7728 & rising by 7 points a day)over 200DSma (7797 & declining by 4 points a day...

    Will it cross over or would turn down - to be monitored in the coming 7 to 10 days.

    ReplyDelete
    Replies
    1. Thanks for your views sir.
      Happy to see you here after a long time.

      Delete