February 13, 2013

NIFTY Support and Resistance levels

 
 
  • Nifty Daily chart shows bullish engulfing pattern But need price to trade and close higher above the falling resistance line for a pullback to happen.
  • Immediate resistance levels in daily chart are the 5 Week High EMA and 50 Day SMA.
  • 5 Week Low EMA is acting as support for now. A trending down move may happen if price sustains below this level.
  • BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME
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3 comments:

  1. StockFebruary 13, 2013 at 11:09 AM

    Hey check this one out, I just did a Checklist of Governments in Terminal Decline (kind of stolen from Simon Black)

    http://oahutrading.blogspot.com/2013/02/checklist-for-government- in-terminal.html

    ReplyDelete
  2. UnknownFebruary 13, 2013 at 5:17 PM

    NIFTY 13-Feb-2013
    Current Market Situation :

    NIFTY current close : 5933
    NIFTY resistance level : 6158
    NIFTY support level : 5912
    NIFTY sentiment : positive
    NIFTY dominant cycle period : 16 days


    Levels Tomorrow :

    NIFTY intraday resistance 1 : 5958
    NIFTY intraday resistance 2 : 5986
    NIFTY intraday resistance 3 : 6028

    NIFTY intraday support 1 : 5908
    NIFTY intraday support 2 : 5880
    NIFTY intraday support 3 : 5838

    for more log onto
    Markets Quantified

    ReplyDelete
  3. chinmayFebruary 25, 2013 at 12:09 PM

    Sir,
    blog is looking very nice


    regards
    chinmay

    ReplyDelete

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