Nifty(Spot) and Bank Nifty(Spot) turn to buy mode on the 90 min charts last friday with cloud supports coming near 5212 and 10042 respectively. The 200MA could offer resistance on the 90 min charts and the values are 5357 and 10447.
Related Readings and Observations
Nifty and Bank Nifty 90 min update for 9th April 2012 Nifty and Bank Nifty are still in buy mode trading below the intermediate resistance 200MA line. so as per the last post we had exited our longs and waiting for the next trade. The next […]- Call Writers are Starting from Zero Last past two days of action could stumbled call writers as there is unwinding in 4800CE,4900CE,5000CE open Interest and put writers overtakes the position which is also reflected in the […]
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