Nifty Weekly Technical Analysis
Indian benchmark indices that have been precariously poised over the
last two weeks began downward journey with persistent selling by FII's.
The Nifty has closed below the 5,600 level and the Sensex below 18,600,
both below their 200 DMA ,Nifty ended down by 2.3% or 129 points WoW
basis.Investors who bought shares with the hope of the Sensex and the
Nifty rising to a new high soon appear to be capitulating now.
Last week we gave Trend Deciding level as 5703 achieved all 3 weekly targets on downside.
Nifty 4 Hourly charts as per Fibo Regression Channels has ...
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Last week we gave Trend Deciding level as 5703 achieved all 3 weekly targets on downside.
Nifty 4 Hourly Chart
Nifty 4 Hourly charts as per Fibo Regression Channels has ...
Continue Reading
posted by Bramesh at
6:14 PM
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