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Nifty Weekly Update |
markethypothesis
White Belt
Joined: 19 Oct 2009
Posts: 2
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Post: #1  Posted: Sat Jun 26, 2010 10:01 pm Post subject: Nifty Weekly Update |
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| Nifty weekly chart shows that Nifty is stuck in a range between 5399 and 4786. Weekly NMA indicator chart has given buy signal for Nifty. The level 5399 is very important level because Nifty monthly chart is also showing same level for breakout of Nifty. Keep watch on RSI (14) whether it is breaking the trend line or not. Basically this is short term bearish indicator. At the last session Nifty closed below 5277. If Nifty stay below 5277 on closing basis at the next session then it will take support at 5165 otherwise Nifty may hit 5380 in the next week.[/img][/url] |
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #2 Posted: Sun Jun 27, 2010 10:20 pm Post subject: |
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thanx!
pl keep updating!! |
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