Nifty
After closing below support at 6220 . Nifty has continued to fall further . Expected targets are 6050-6000 .
Nifty medium term trend
| Trend | Up |
| Initiation Date | 09-10-13 |
| Initiated at | 6007 |
| High Since Change | 6348 |
Friday, 8 November 2013
Thursday, 7 November 2013
Technical updates on Bank Nifty
Bank Nifty daily chart
Bank Nifty has formed raising wedge formation in daily chart . It has support around 10900 . If it breach this level then further fall is likely . Chart is posted in FB page .
Nifty medium term trend
| Trend | Up |
| Initiation Date | 09-10-13 |
| Initiated at | 6007 |
| High Since Change | 6348 |
Tuesday, 5 November 2013
Technical updates on Nifty
Nifty has made a sharp decline in today's trading session . It has support at 6220 . One it closes below this level further fall can be expected .
Nifty medium term trend
| Trend | Up |
| Initiation Date | 09-10-13 |
| Initiated at | 6007 |
| High Since Change | 6348 |
Wednesday, 30 October 2013
Breakout in Nifty
Nifty daily chart
Nifty has breached resistance at 6220 now it is likely to reach 6300 .
Nifty medium term trend
| Trend | Up |
| Initiation Date | 09-10-13 |
| Initiated at | 6007 |
| High Since Change | 6269 |
Tuesday, 29 October 2013
Technical updates on Bank Nifty
Bank Nifty
Bank Nifty can face resistance at 11230 trade the break out.
Nifty medium term trend
| Trend | Up |
| Initiation Date | 09-10-13 |
| Initiated at | 6007 |
| High Since Change | 6252 |
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