Nifty Weekly Technical View
Nifty Hourly Charts
Nifty Hourly chart is giving a SELL call as per our 5 EMA and 20 SMA system.Sell was generated at 5910 levels.Hourly overbought is getting corrected and slowly indicators are moving to oversold zone. On Hourly charts Nifty is forming a FLAG pattern formation which is low of 5822 is held can move till heigh of pole ie. 68 points.
Target of Flag Pattern should be 5860+68=5928
Nifty Daily Chart
On Daily charts we have broken the daily channel we were trading from 5400 levels which is a bearish indication.
The trendline …
Read the full story »
Nifty Hourly chart is giving a SELL call as per our 5 EMA and 20 SMA system.Sell was generated at 5910 levels.Hourly overbought is getting corrected and slowly indicators are moving to oversold zone. On Hourly charts Nifty is forming a FLAG pattern formation which is low of 5822 is held can move till heigh of pole ie. 68 points.
Target of Flag Pattern should be 5860+68=5928
Nifty Daily Chart
On Daily charts we have broken the daily channel we were trading from 5400 levels which is a bearish indication.
The trendline …
Read the full story »
posted by Bramesh at
10:04 PM
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