Wednesday 7 August 2013

Technical updates on Nifty


Nifty




Today Nifty made a low of 5486 which is a support region . From now on we can expect a short bounce back in Nifty. This bounce back could be lead by Banking sector . If Bank Nifty sustains above 9900 that will be the indication of continuation of uptrend. 

Disclaimer : Charts presented here are not for recommendation or to advice . They are for educational purpose. More details such as stop loss , target are shared with subscribers.


Nifty medium term trend



Trend  Down
Initiation Date 30-07-13
Initiated at  5755
Low since change 5486


Thought for the day


I am not here to change the world.I am changing the world because I am here.

No comments:

Post a Comment