July 23, 2010

Nifty daily chart analysis

DAILY CHART
WEEKLY CHART
  • Nifty has closed well above 5 day high ema showing strength.
  • The bottom trend line of the raising wedge has given support so a rally till the top of the wedge is possible. provided nifty stays above 5 day high ema.
  • The weekly chart is also looking strong. The weekly stochastic has entered overbought zone but it is in no mood to turn down. Until it turns down and gives a sell it's a buy.
  • U.S. Markets rallied yesterday more than 2% which will help the bulls today morning.
  • DOW JONES ANALYSIS AFTER CLOSING BELL

3 comments:

  1. hello friends

    New post done

    please visit

    http://stock2gains.blogspot.com/2010/07/well-this-is-how-failure-is.html

    thanks
    regards

    Thanks, san

    ReplyDelete
  2. it has been an interesting week. And I did well. Just started following a guy in OZ. http://www.forecastfortomorrow.com/ftmembers he called the crash in 2008 and is now has some very interesting calls for the coming months, and is spot on from what I can tell. Worth a look.

    There is something strange in the air, i can smell it. I still cant put my finger on it.... hope it doesn't mean i lose my account next week. eeeek.

    ReplyDelete
  3. The legendary stock market trader W D Gann identified converging market cycles and traded stocks based on predicted market turning points. My analysis of Nifty data has yielded stunning results. Is the Nifty poised over the edge of a cliff? Read why stock market cycles seem to think so. The numbers don't lie - all we have to do is allow them to tell their story.

    No trading calls, no tips, no hype, no predictions, no intra-day. Just pure technical analysis, along with likely outcomes.

    http://playthenifty.blogspot.com/

    ReplyDelete