March 21, 2012

NIFTY Chart Analysis

  • Charts showing the importance of 5170 - 5190 zone.
  • Immediate support is 50 SMA. Resistance at 20 SMA.
  • Weekly stochastic has given a sell but price yet to move below 50 Week SMA  as shown in last chart. Sustaining above 50 Week SMA will negate this sell signal. Weekly close below 50 Week SMA will favor bears.
By at

2 comments:

  1. SanMarch 21, 2012 at 4:17 PM

    Test

    ReplyDelete
  2. viji1975March 21, 2012 at 8:14 PM

    Sir, Can you please quote the nifty value for 50sma, 20sma, 50 week sma for easy understanding

    regards

    V.Vijayakumar

    ReplyDelete

Subscribe to: Post Comments (Atom)