Nifty Under Bear Attack
Nifty Hourly Chart
RBI does it again for which market was not prepared for.Raising the the REPO and Reverse REPO by 50 BPS and markets tanked heavily.
Market did not discounted the news and Nifty tanked.
If we look at hourly charts on Nifty following observation can be noted down:
1. We are approaching a support zone of 5460-5555 which should provide support.
2. Oscillators and Indicators are oversold
So a relief rally should come either today or tomorrow which can take us back till 50 SMA@5630.
Daily Chart
On Daily Chart we are are can stop the …
Read the full story »
RBI does it again for which market was not prepared for.Raising the the REPO and Reverse REPO by 50 BPS and markets tanked heavily.
Market did not discounted the news and Nifty tanked.
If we look at hourly charts on Nifty following observation can be noted down:
1. We are approaching a support zone of 5460-5555 which should provide support.
2. Oscillators and Indicators are oversold
So a relief rally should come either today or tomorrow which can take us back till 50 SMA@5630.
Daily Chart
On Daily Chart we are are can stop the …
Read the full story »
posted by Bramesh at
9:29 AM
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