Nifty Technicals

Reading Glossary recommended for better understanding of this column. Nifty technicals.

Thanks to www.freedighitalphotos.net for all images.


Nifty short term chart

  • Lets see in which direction Nifty breaks the trading range shown by two blue dotted trend lines in the chart above ( 5350-5460).
  • Historically  Nifty has faced selling pressure whenever nishant’s oscillator has moved near 40 level. The same oscillator is indicating fresh bullishness in market only if Nifty close above 5520 in next few days.
  • The red trend line of the channel  in the long term Nifty chart (shown at the end of this column) or 5550 level may act as supply zone if Nifty continues marching upwards.
  • Moderate to hight risk in fresh long term (1 to 3 years) investment.

Market Technicals

Market Breadth

UP up

46

Nifty support & Resistance

Nifty Chart

N

Nishant Kalaskar

Thanks to www.freedigitalphotos.net for all images.

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This entry was posted on Tuesday, July 27th, 2010 at 5:23 pm and is filed under Daily Updates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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