June 17, 2011

Nifty Daily Analysis

  • Price is closer to the weekly support line
  • Support is around 5365 level. It is bearish now and close below 5365 level will change it completely in favor of bears.
  • So its an uphill battle for bulls. They have to close the week above the supporting trend line and move above 20 DMA next week.
  • Bullish IHNS possibility in daily chart does not exist now. Bulls need to find some other way to move up.
  • US DOLLAR HITS RESISTANCE LINE

6 comments:

  1. Good Morning Sir,
    Is there any HNS active posibality in ICICI BANK now. Guide us.

    ReplyDelete
  2. @Nilesh
    There is one in daily chart it does not look perfect but can be effective only if price has to breaks 1000.

    ReplyDelete
  3. GM Chetan Thanks for alerting the link problem

    ReplyDelete