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. any reliable analysis for banknifty futures?

    ReplyDelete
  2. sar..any india stoks nse..thanks

    ReplyDelete
  3. Thanks sometimesbullsometimesbear

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

    @shabbir patel
    ?????

    ReplyDelete