Monday 29 July 2013

Technical updates on Nifty and Rel Cap


Nifty




Nifty has closed below 200 DMA which is a bearish sign .More over MACD and RSI are negative so there are possibilities that  Nifty can reach 5800 - 5770 in short term . 

Rel Cap



Rel Cap has closed below trend line support . We have initiated put option . Market always moves in a trend lets see !!


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.