December 14, 2013

NIFTY Weekend update


  • Daily chart is approaching crucial support levels like 23.6% Fib level and 50 Day SMA.
  • Daily chart With MACD shows price correction after negative divergence. Weekly indicators too is starting to turn down with Negative price action.
  • So if price starts to trade below 50 Day SMA, Bigger correction is possible.
  • RELIANCE INFRA Weekly Resistance line
  • TATA MOTORS WEEKLY RESISTANCE LINE
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5 comments:

  1. sometimesbullsometimesbearDecember 14, 2013 at 10:45 AM

    Thanks for the update San...Good charts.

    ReplyDelete
  2. UnknownDecember 14, 2013 at 12:31 PM

    sar

    ReplyDelete
  3. AnonymousDecember 14, 2013 at 1:49 PM

    any reliable analysis for banknifty futures?

    ReplyDelete
  4. UnknownDecember 15, 2013 at 10:59 AM

    sar..any india stoks nse..thanks

    ReplyDelete
  5. SanDecember 16, 2013 at 7:39 AM

    Thanks sometimesbullsometimesbear

    @Janak
    If i see something reliable i will try to do an update.

    @shabbir patel
    ?????

    ReplyDelete

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