March 9, 2011

Nifty daily analysis

NIFTY FUTURES 5 MINUTES CHART
  • Nifty futures 5 minutes chart is showing a small range, Breaking out of this range will give good direction.
  • Daily chart shows a hammer candlestick pattern at 20 dma holding price in favor of bulls yesterday. Now if price holds 5500 we may see it moving towards the upper Bollinger band. 
  • 50 DMA Should also be kept in mind if an up move happens it may get resisted at this moving average.
  • TRIANGLE OF CRUDE OIL

1 comment:

  1. hi san GM any chances of 5700 in this series by any chance...

    johnson

    ReplyDelete