August 30, 2012

NIFTY intraday update

NIFTY WEEKLY CHART
  • Nifty fall pausing at 50 Day SMA.
  • Breaking day low and 50 SMA could fill the GAP shown in 2nd chart completely and may target 38.2% Fib level at 5188.
  • For bulls price must get back above 23.6% Fib level to avoid a bigger fall.
  • Shooting start shown in weekly chart has been doing well so far.
  • TATA STEEL CHART ANALYSIS


2 comments:

  1. great charts sir.....

    for updates on jpassociate charts
    visit@http://niftysense.blogspot.in/

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