Clear Resistance near 4440-4450 zone. If resist near then in short term nifty will
likely to test 4280 zone. Breakout above 4450 Zone
Related Readings and Observations
- Nifty Hourly Trending Downwards? Hourly charts of nifty shows that it had recently built the resistance cloud zone near the 5400 zone. Its recommended to be in short above 5400. Reverse the trade if nifty reverses above 5400
- Nifty 90 min Charts for 17 Feb 2011 Nifty is in buy mode since crossing 5347 on the 90 min charts. Currently the cloud supports are near 5424-5432.
- 3 Old School Methods That Still Beats the Market When it comes to 21st century financial markets,The complexity takes a heavy toll when you scroll down the list of market participants all you notice is the emerging linear changes that […]
- MCX Gold,Copper,Natural Gas Hourly Chart – 26 July 2011 MCX Gold Gold is at the support, reverse the position to short if the support(Rs 23119) breaks at the lower side. Stochastic has already moved below 80.
- Nifty Future Weekly Observation The nifty future broke out of the linear regression channel and closed above the same. The short term moving average has also given the crossover over the medium term moving average. Daily […]
- Nifty Mean Reversion is must Now there is a huge gap existing between the Nifty spot price 4318 and the Nifty 5 EMA(4016) and Nifty 13 EMA(3776).EMA Principle is that mean reversion towards the EMA line […]