Nifty Technical Analysis for Week Starting 30 August
Even though Nifty corrected severely in the week gone by, it is yet to break the previous bottom of 5372 as shown in the daily chart below. The view will turn bearish only if 5372 is breached decisively.
Nifty Daily Charts with Fibo Levels
Move from the bottom of 4786 to the top of 5550. The 38.2%, 50% and 61.8% retracement levels of this up move are
placed at 5258, 5168 and 5078 respectively and will serve as the support levels on the downside.As shown in Charts
Nifty Option Open Interest Charts
If we see …
Read the full story »
Nifty Daily Charts with Fibo Levels
Move from the bottom of 4786 to the top of 5550. The 38.2%, 50% and 61.8% retracement levels of this up move are
placed at 5258, 5168 and 5078 respectively and will serve as the support levels on the downside.As shown in Charts
Nifty Option Open Interest Charts
If we see …
Read the full story »
posted by Bramesh at
7:16 PM
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