October 14, 2011

NIFTY Analysis

  • Trend line shown in yesterday's post has managed to stop bulls of nifty
  • But For bears 50 SMA is a big problem. If price manage to stay above it then bulls will manage to take prices higher.
  • Week high ema is important for bears. Closing the week above week high ema will lead to continuation of this up move.
By at

2 comments:

  1. BhavanOctober 14, 2011 at 9:42 AM

    @San
    GM
    As usual just as the proverb goes "that if u lend a finger your palm will be grabbed" and there is no end to our greed This i am saying as I want to request you to incorporate the actual values of the daily 20DMA or 50DMA or upper BB as we laymen also would not know where to look for them as your charts have also become a daily habit it would be much useful.I hope this is not asking too much?

    ReplyDelete
  2. SanOctober 14, 2011 at 10:07 AM

    @Bhavan
    I will add those values. I did that sometime ago and when the market moved away from 200 and 50 DMA i left those values.
    Now that we are close to 50 SMA I think i should add them

    Thanks.

    ReplyDelete

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