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
By at

6 comments:

  1. DebdeepJune 17, 2011 at 8:32 AM

    Thanks SAN.

    ReplyDelete
  2. chetanJune 17, 2011 at 9:12 AM

    good morning,thanks.

    ReplyDelete
  3. Nilesh PatilJune 17, 2011 at 9:48 AM

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

    ReplyDelete
  4. SanJune 17, 2011 at 10:12 AM

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

    ReplyDelete
  5. SanJune 17, 2011 at 10:13 AM

    GM Chetan Thanks for alerting the link problem

    ReplyDelete
  6. Nilesh PatilJune 17, 2011 at 10:24 AM

    Thanks Sir

    ReplyDelete

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