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You are here: Home / Nifty Technicals / Nifty Weekly Chart

Nifty Weekly Chart

October 21, 2008 by Rajandran Leave a Comment


 

Nifty CMP : 3234.9
 
As per the trend channel shown in the weekly chart. Nifty is a Buy Only above 3250.
From the figure it is witnessed that nifty has broken its blue trend channel and now
started trading between the red trend channel. Failure of nifty below red trend channel
will initiate continuation of long term selling pressure once again. If mangage to Nifty
close above 3250 will target 3800 and 4000 in short term
Source:
www.marketcalls.in

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Filed Under: Nifty Technicals

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

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