Nifty EOD chart is shown with 13-13 Wilders Moving Average Channel Offset indicator is shown with Buy or Sell Signal. Currently on the EOD charts nifty remains in sell signal since 28th July 2011. After Achieving the lower bottom nifty tested the EOD cloud resistance zone 5160 levels. Now once again nifty restested the cloud.
Currently EOD Resistance is near 5115. Breakout above 5115 warns the end of the bearish prolong downtrend.
This chart is specially for low risk investors. One can observe a buy signal on 13-13 Wilders moving average after two continous signal failures. Yesterday Reliance EOD charts had turned to buy mode after breaking above the resistance channel 823 zone. Base supports are lying at 797. Low risk investors can grab for oppurtunity in making returns.