Nifty Weekly Technical for Week 31 May
Nifty Hourly Chart
Nifty Did a U-Turn again and took everyone by surprise on its move on Last thursday. This move shows highly unpredicatble nature of market.
Market always follow the path of Least Resistance
On Hourly chart market has broken the downward trending trendline as Shown in chart. Next level of Resistance comes @5510 on Hourly charts.
Nifty Daily Chart
20 SMA is a tough resistance to crack on daily chart and in Extreme short term,Closing above 5485.8 will give another boaster to bulls to continue the trend on upside.
On Daily charts next level …
Read the full story »
Nifty Did a U-Turn again and took everyone by surprise on its move on Last thursday. This move shows highly unpredicatble nature of market.
Market always follow the path of Least Resistance
On Hourly chart market has broken the downward trending trendline as Shown in chart. Next level of Resistance comes @5510 on Hourly charts.
Nifty Daily Chart
20 SMA is a tough resistance to crack on daily chart and in Extreme short term,Closing above 5485.8 will give another boaster to bulls to continue the trend on upside.
On Daily charts next level …
Read the full story »
posted by Bramesh at
8:11 AM
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