February 28, 2012

Nifty intraday Update

  • Nifty bulls has to trade above 20 SMA which is at 5397, Unable to sustain above this level may give selling opportunity for bears again. 38.2% Fib level too is around 5400 level as shown in hourly charts. So a bigger up move possible if nifty trades above these two levels.
  • Failing to cross these levels will give a selling opportunity.
By at

3 comments:

  1. Swami ShivkumaarFebruary 28, 2012 at 1:45 PM

    Hi, can you please suggest your view on SBI.
    thanks in advance

    ReplyDelete
  2. SanFebruary 28, 2012 at 2:17 PM

    @Swami Shivkumaar
    I will do an EOD post on SBI. For now bulls must close the day above 2201(20 day sma) for today's bullish action to continue.

    ReplyDelete
  3. AnonymousFebruary 28, 2012 at 6:52 PM

    San can u post a chart of INDIA VIX

    ReplyDelete

Subscribe to: Post Comments (Atom)