October 20, 2011

Nifty intraday Update

  • Nifty hour 50 and 20 Hour has given a bearish cross.
  • Pull backs from here may not sustain at higher levels.
  • The marked support levels may save bulls from deeper correction for the day.
By at

2 comments:

  1. gaurangOctober 20, 2011 at 10:43 AM

    one day nifty closes on bearish terms while other on bullish. Now 5000 is key level to watch.closing below it would signify end of corrective rally from 4750 levels & nifty may resume its downtrend. But at same time what happens in Eurozone is most important. Better to watch it and then decide the trade.

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  2. BhavanOctober 20, 2011 at 1:31 PM

    Thanks a lot San for mentioning the respective SMA/EMA values

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