December 13, 2011

NIFTY Analysis

  • Lower Bollinger bands in weekly and daily charts lies closer to the recent lows. Possible sloping support line shown in second chart. So Price may bounce from these levels.
  • But the scary picture for bulls is the weekly line chart which shows the perfect down trend. If price breaks the recent weekly lows on closing basis its not good news for bulls.
  • If 4639 is tested bulls need to defend it on closing basis.
  • S&P 500 EOD ANALYSIS

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4 comments:

  1. NattiDecember 13, 2011 at 9:47 AM

    San,

    I appreciate the effort put by you and sharing the market knowledge..

    I have one suggestion for you. Please mark the levels on the charts too. So that charts becomes self explanatory with levels...

    Regards,
    Nataraj

    ReplyDelete
  2. BuntyDecember 13, 2011 at 10:59 AM

    you are simply the best, just started reading your chart analysis few weeks back and I am fully impressed with your simplicity and authentic analysis, hats off to you.

    ReplyDelete
  3. SanDecember 13, 2011 at 11:12 AM

    @Bunty
    Thanks

    ReplyDelete
  4. SanDecember 13, 2011 at 11:13 AM

    @Natti
    I will try to add those levels.

    ReplyDelete

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