Technical Charts:Nifty,M&M and Reliance
Nifty Hourly
Nifty hourly is taking a breather after 8 days of non stop rally. Bulls are unable to capitalize on the sound fotting they got on June end month.
Signs of Exhaustion are visible on Hourly and daily charts with Nifty trading in a tight range from 5682-5606 from past 3 days.
Market will soon breakout on either side ie.
Break below 5606 Will take it quickly to 5575(Hourly Support) and 5550.
Break above 5705 will take Nifty to 5750 Levels.
Trade light till this range does not break.
Nifty Daily
On Daily Chart Nifty closed …
Read the full story »
Nifty hourly is taking a breather after 8 days of non stop rally. Bulls are unable to capitalize on the sound fotting they got on June end month.
Signs of Exhaustion are visible on Hourly and daily charts with Nifty trading in a tight range from 5682-5606 from past 3 days.
Market will soon breakout on either side ie.
Break below 5606 Will take it quickly to 5575(Hourly Support) and 5550.
Break above 5705 will take Nifty to 5750 Levels.
Trade light till this range does not break.
Nifty Daily
On Daily Chart Nifty closed …
Read the full story »
posted by Bramesh at
8:43 PM
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