July 25, 2012

NIFTY Intraday update

  • Nifty one hour shown with the unfilled GAP's which may act as resistance on counter trend up moves.
  • Hour chart also shows a bearish cross between 50 and 200 Hour SMA. 50 Hour SMA and the GAP may act as immediate resistance levels.
  • Daily chart is testing 50 and 200 Day SMA. Bears need a breakdown at this level to extend gains.

No comments:

Post a Comment