Nifty headed to 6050-6100 or 5700-5750 levels in near term? Read on
Click on the chart to enlarge.
Nifty: Technically Nifty does look strong and is in a long term uptrend. After recent rally, nifty has been consolidating in the 5950-5820 zone since last week of November. A close below 5820 could take nifty to lower levels of 5700-5750 where again strong support comes in. A close above 5950 can trigger another 80-100 points upmove. Trades in last few days do indicate buying interest coming in at lower levels.
SMS Alerts, no more page refreshes required
2 Responses
{ ADD YOUR OWN }Leave a Reply
Subscribe to Comments feedLatest Query
- by Sam
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
SM Says:
December 23rd, 2012
Posted at: 11:37 pm
Dear CB, Kartik : If possible please tell me who did draw the trendlines in this chart ???
tejinder singh Says:
December 24th, 2012
Posted at: 5:51 pm
no fundamental,no eps, no long term investments,all share manipulated by big player
it is my conclusion with 20 year experience.remember always before investments