FREE NIFTY Technicals, Support & Resistance Levels, Market Breadth, Nifty Trends, Nifty Outlook & Nishant's Oscillator
Monday Nifty opened with optimism & a gap of about 60 points but again sellers were dominant near 4920 level. It resulted in a fall from that level to 4850. Certainly there is change in the sentiment of the short term bulls who enjoied the rally from 4670 to 4930. Nifty established 4890 , 4850 [...]
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Friday. We saw Nifty’s emotional drama by wildly moving up & down. As written on Thursday Nifty tested 4840 in the morning , it could not hold that level and went to test 4800. Then in the afternoon there was intraday rally up to 4980. Certainly there is change in the sentiment of the short [...]
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Thursday. Nifty is losing bull power near the important zone of 4920 to 4950. RIL was weaker than the market today. Nifty established 4885 as intra day support. Bank stocks were strongest for the day. Global market trend was down during Indian stock market hours.
Observations:
Tomorrow Nifty may test 4840 on down side.
Important moving average lines [...]
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