Dropout Game in Nifty

Nifty CMP : 2714
 
Chart show above is a 3 month hourly Charts for Nifty with 200 period SMA
As per 200 period SMA. Nifty is likely a buy only above 200houly SMA which 
comes exactly near 2800 as of now. Till then it is likely going to be a drop out game
in nifty

Related Readings and Observations

  • NSE and BSE Windows 8 App Review If you had never explored NSE and BSE Exchange app in your windows 8 pc/mobile/tablet then it is a must watch for anyone willing to track the market on demand.
  • Nifty and Bank Nifty 90 min charts for 30 Oct 2012 Trading Nifty and Bank Nifty 90 min charts turned to sell mode on 25th Oct and currently the ichimoku cloud resistance zone are at 5702 and 11590 respectively.
  • How a Trader should view TRIN readings Many of our readers requested how to trade trin. Here is an extract from "Mastering the Trade - John.F.Carter"¬†about his knowledge on TRIN. Most Educational material on "How to use the […]
  • Options Strategy for Volatile market. Over the last two years, NIFTY has shown high degree of volatility. Nifty fell very sharply in 2009 touching as low as 2539 and then rebound back to 5310 level. This continued setting of […]

Leave a Reply

Your email address will not be published. Required fields are marked *