August 18, 2012

NIFTY Weekend update

 

  • NIFTY Bulls could not clear the weekly resistance levels clearly.
  • Bulls must trade above 5400 for achieving higher targets. Week sustaining above 5 Week High EMA currently at 5323 will keep the bullish hopes alive.
  • Weakness below 5348 as shown in last chart. Closing week below 5323 which is the Week High EMA should give a bigger correction.


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2 comments:

  1. madamuniramaiahAugust 18, 2012 at 12:22 PM

    GOOD MORNING and THANKS

    ReplyDelete
  2. Ramesh RamachandranAugust 19, 2012 at 6:37 AM

    I have posted an article on Nifty Future would like your review comments
    http://tradingniftyoptions.blogspot.in/2012/08/decision-point-nifty-future-trading.html

    ReplyDelete

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