As Trading Week is likely to end its good to look at weekly 5 EMA charts
Weekly 5 EMA chart points to the support zone of 4937. Nifty could give a fresh weekly sell signal if nifty closes below 4937
Related Readings and Observations
Nifty and Bank Nifty 90 min charts for 29 Aug 2012 Trading Nifty and Bank Nifty are in sell mode with resistance coming around 5409 and 10430 respectively. And for Nifty intermediate supports are currently near 5274 i.e 200MA. IndiaVIX had traded […]- AD line,Trin Observations Just have a look into the Advance-Decline ratio and Trin Charts. From the Ad line charts you could observe that as the market moves higher....ad line is in declining mode. This suggest […]
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Please can you explain how to read Nifty open intrest option data,(wot it indicates for this month closing) question also raised @ VFM forum