February 20, 2013

NIFTY Resistance levels

  • Nifty moving up towards crucial Fib levels and Moving averages like 50 and 20 Day SMA which may act as resistance levels.
  • Daily MACD is aligning well for a bigger up move But price has to close back above the resistance levels mentioned above. Closing back above the daily Ichimoku cloud may also add momentum for bulls.
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2 comments:

  1. RaghavendraFebruary 20, 2013 at 12:15 PM

    San,

    34 DEMA and 21 DEMA are aso at 5952.

    Raghavendra

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  2. Ashish SankhlaFebruary 20, 2013 at 1:46 PM

    exactly nifty getting resistance at 38.2% retracement level which you shown on the charts.
    _______________________________
    Intraday Stock Retracement Levels

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