October 11, 2011

NIFTY Analysis

  • Price has closed above 20 day sma. If the corrections are limited to 20 day SMA we may see price closing above 50 SMA.
  • For this up move to continue price should close and sustain above 50 Day SMA. Negative candles @ 50 SMA may lead to correction.
  • Another important support level now is the month Low EMA. Sustaining above month Low Ema too may lead to higher targets.
  • For bears they have to break below 20 SMA and month Low EMA for bigger falls to happen.
  • S&P 500 EOD ANALYSIS

4 comments:

  1. @San, can you pls post dollar index chart.. dollar index now again below 78..

    ReplyDelete
  2. @Hari

    US Dollar is correction from 200 Week sma: US DOLLAR CHART

    ReplyDelete
  3. What is the price of 20 sma ???

    ReplyDelete
  4. @victorious
    Right now it is at 4961. 50 SMA at 5045.

    ReplyDelete