Nifty Will it give a Bounce?
Nifty Daily Chart
As said in previous Post Nifty is looking weak technically as unable to retrace 38.2% of its fall and Break of 5471 will make it correct furthur.
Charts discount everything and SBI results proved a Reason for Breakdown
How Long can this fall continue?
IF we draw the trendline from Low of 4200 we can see Support coming at 5365 levels.Nifty should halt its fall near this level and we can see a sharp and swift short covering rally offing as Indicators are oversold.
Nifty Hourly Chart
On Hourly charts again we see …
Read the full story »
Rgds,
Bramesh
09985711341
As said in previous Post Nifty is looking weak technically as unable to retrace 38.2% of its fall and Break of 5471 will make it correct furthur.
Charts discount everything and SBI results proved a Reason for Breakdown
How Long can this fall continue?
IF we draw the trendline from Low of 4200 we can see Support coming at 5365 levels.Nifty should halt its fall near this level and we can see a sharp and swift short covering rally offing as Indicators are oversold.
Nifty Hourly Chart
On Hourly charts again we see …
Read the full story »
Rgds,
Bramesh
09985711341
posted by Bramesh at
8:45 AM
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