Nifty Weekly Analysis
Stock Market has a woobly roller coaster ride last week opening with a
gap after Cyprus Drama came to an end, giving up gains after SP
Supremo,Mulayam Singh threatened to withdraw support to the ruling
coalition and finally gave an expected pullback on derivative
expiry,Nifty ended up by 0.6% or 31 points WoW basis
The first quarter of 2013 ended on quite disappointing as Sensex and the Nifty are down around 3 per cent. The cut is, however, sharper in smaller stocks with the BSE Small-cap Index down 21 per cent and the Mid-cap Index down 13 per cent in this period.
Last week we gave Trend Deciding level as 5620 Nifty made the low of 5604 turned back, achieved 1weekly targets on upside. Traders following Weekly trend deciding level should have exited shorts as discussed last week.
Nifty Hourly charts as per Zig Zag Indicator..
Continue Reading
The first quarter of 2013 ended on quite disappointing as Sensex and the Nifty are down around 3 per cent. The cut is, however, sharper in smaller stocks with the BSE Small-cap Index down 21 per cent and the Mid-cap Index down 13 per cent in this period.
Last week we gave Trend Deciding level as 5620 Nifty made the low of 5604 turned back, achieved 1weekly targets on upside. Traders following Weekly trend deciding level should have exited shorts as discussed last week.
Nifty Hourly Chart
Nifty Hourly charts as per Zig Zag Indicator..
Continue Reading
posted by Bramesh at
12:58 PM
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