February 14, 2012

NIFTY Daily chart analysis

  • Nifty continues to be in a range. But indicators are showing weakness. Initial reaction out of the range may end up as a whipsaw. An upper breakout from the range should result in perfect negative divergence. Breakdown from the range should give good short entry but one should have proper stop loss if nifty decides to continue to original trend.
  • RISING WEDGE OF SPX
  • MCX COPPER CHART ANALYSIS
  • MCX CRUDE OIL RISING SUPPORT LEVELS
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3 comments:

  1. SAMFebruary 14, 2012 at 9:27 AM

    Thanks Anoop..

    ReplyDelete
  2. failed to purchaseFebruary 14, 2012 at 4:17 PM

    I am agree with the theory of MACD and RSI regarding Nifty. But still nifty is going up and closed at high.

    ReplyDelete
  3. SanFebruary 14, 2012 at 5:59 PM

    @hitul shingala
    I said a higher close will setup perfect negative divergence. read the RSI and MACD charts again.

    ReplyDelete

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