Nifty 4900 is the Support zone

Weekly chart of nifty shows that 5 EMA(High) – 4900 will act as base support.

Also 4990 will act as GANN Support as of now. And Weekly RSI-2(94.69) indicate overheated levels

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Put writers are bullish despite uncertain environment Looks Put writers are not still in the panic mood to unwind their positions from the 4900PE and 5000PE in contrast they built the positions against the market bearisness. The current mood […]
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Container Corporation of India (CCI) : Medium term Buy Buy : Container Corporation of India (CCIL) CMP : RS 775 Target : Rs 900 Time Frame : 2 Months Support : 725 Fund Activity : HDFC Top 200 Fund (G) added […]
Nifty Hourly Trend Nifty hourly charts shows overbought RSI levels. Upside is capped for couple of days. Let see this will have enough strength to make bearish 5 EMA and 20 EMA crossover once […]