Nifty Weekly Analysis for Week starting 30 April
The April Series has been listless series which can be best
summarized as the series of consolidation after a Topsy turfy ride in
volatile march series. Consolidation is an integral part of market which
is very much required before next big move. May Series promises to be a
month of big moves. Lets jump into technicals on what in for Nifty for
month of May.
Hourly
chart are trading below the 50 HSMA which means bears are strong upper
hand till Nifty is trading below 5226. Bollinger Band pattern forms
bands are getting contracted means volatile and directional move are in
offing for Nifty.
On Daily chart formation falling wedge pattern is still valid till ...
Read the Full Story
Nifty Hourly Chart
Hourly
chart are trading below the 50 HSMA which means bears are strong upper
hand till Nifty is trading below 5226. Bollinger Band pattern forms
bands are getting contracted means volatile and directional move are in
offing for Nifty.Nifty Daily Chart
On Daily chart formation falling wedge pattern is still valid till ...
Read the Full Story
posted by Bramesh at
5:54 PM
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