September 10, 2012

NIFTY Chart analysis



  • Nifty daily chart shows a range of 5215 - 5448
  • For bulls upward momentum will be intact above 20 day SMA
  • 2nd chart shows price getting support at the rising support line. The bullish cross of 20 and 50 Day SMA doing well. Price staying above 20 SMA will extend gains for bulls.
  • 3rd chart shows price between fib levels of 38.2% - 50%. Last chart shows a possible resistance line in weekly chart which may stop bulls from making bigger gains.


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1 comment:

  1. Swami ShivkumaarSeptember 10, 2012 at 2:25 PM

    Dear San,
    Pl post your views on Hindalco and SBI whenever time permits.

    Thanks and regards

    Sivakumar S

    ReplyDelete

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