August 29, 2011

NIFTY at the resistance line

  • Nifty has to stay above this resistance line if it is to move up further.
  • Getting resisted here will be negative for the bulls.
  • NIFTY HOUR CHART WITH 50 SMA: CLICK HERE
By at

7 comments:

  1. SAMAugust 29, 2011 at 10:19 AM

    San Why today chart is in Black?

    ReplyDelete
  2. SanAugust 29, 2011 at 10:21 AM

    @SAM
    Just for a change

    ReplyDelete
  3. SanAugust 29, 2011 at 10:23 AM

    @SAM
    I am posting this one from MT4. It is easy to change colors there when compared to Amibroker. So tried a different combination

    ReplyDelete
  4. satheeshAugust 29, 2011 at 10:27 AM

    Goodmorning san,

    Can you update the 50hr sma chart?

    ReplyDelete
  5. SanAugust 29, 2011 at 10:34 AM

    @satheesh
    Good Morning

    Chart updated.

    Nifty Hour chart with 50 SMA: CLICK HERE

    ReplyDelete
  6. SAMAugust 29, 2011 at 11:14 AM

    Thanks San and what is current status for this resistance line?

    ReplyDelete
  7. SanAugust 29, 2011 at 12:13 PM

    @SAM
    As of now Price is staying above the resistance line. But we have the 50 Hour moving average too here. So the test for bulls is not yet over. We may get a clear picture one looking at the EOD chart

    ReplyDelete

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