Thursday, February 14, 2013

Nifty outlook



Nifty may trade choppy between a range
Yesterday Nifty opened at 5943 with a gap up of 20 points. Nifty first moved up and marked a  high of 5969. After that it moved down at a low of low at 5930. Nifty closed at 5934 with an intraday decline of just 9 points.
Nifty is trading above its long term averages reflecting the Long and Intermediate Trends are up. Short Term Trend is down. The Support zone come at 5880 – 5900 and Resistance zone  comes at 5980-6000.
Nifty may trade choppy for today’s trading session, traders may not find opportunity to trade for few points, good trades are expected below 5880 or above 6000.

at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
  • Nifty Intraday 28 /04/2016
    Nifty intraday chart shows class B Negative divergence with the oscillator  ,showing a bearish settlement for this month but the  price pat...
  • Reliance Infra
    RELINFRA  Three Top Formation , With stochastics giving a bearish signal giving a signal to sell below 470
  • Swing Trades
    Dishman remained in a narrow trading range. Prices have closed near the resistance , a  breakout will lead to higher levels in Dishman , on...