February 26, 2013

NIFTY Intraday update

  • NIFTY Falling from the head and shoulders pattern.
  • Price has clearly violated 100 Day SMA. Bears need a daily close below 100 SMA for further gaining strength.
  • For bulls approaching Golden ratio may give a hope for reversal Any reversal from the current levels should close back above 100 SMA for a meaningful pullback to happen.



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1 comment:

  1. UnknownFebruary 26, 2013 at 5:04 PM

    Markets Quantified
    NIFTY 26-Feb-2013
    Current Market Situation :

    NIFTY current close : 5761
    NIFTY resistance level : 5912
    NIFTY support level : 5756
    NIFTY sentiment : sideways
    NIFTY dominant cycle period : 15 days


    Levels Tomorrow :

    NIFTY intraday resistance 1 : 5786
    NIFTY intraday resistance 2 : 5813
    NIFTY intraday resistance 3 : 5854

    NIFTY intraday support 1 : 5737
    NIFTY intraday support 2 : 5709
    NIFTY intraday support 3 : 5669

    Markets Quantified

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