My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
January 5, 2017
Nifty 15 Minutes and 200 Day SMA
- Nifty 15 Minutes chart shows range breakout.
- 15 Minutes cloud shows the trend intact. The cloud trade is now 300 points.
- Next hurdle for bulls is the 200 Day SMA.
- BANK NIFTY Chart analysis
Bank Nifty Morning Update
- Bank nifty 50 Week SMA and 17800 level is crucial. Fib chart too shows the presence of 38.2% fib level near this zone.
- One hour chart shows support exactly at 17852. Hour closing below this may trigger a correction towards recent lows. So bulls need to hold above this level to avoid further bearishness.
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