Sunday, July 14, 2013

NIFTY SPOT VIEW for coming sessions!

Hello, Everybody !
Greetings for the day !
I know i am posting after so many months,
but believe its really tough for me also to stay away from Market ! ;)

Lets come to the topic ,
NIFTY ::
CMP : 6009

Swing Low : 5566   |   Swing High : 5904

Recent Low : 5760
Resistence expected around : 6098 .  i.e.(5760+(5904-5566))

On daily chart, NIFTY forming AB=CD pattern, which may suppose to satisfy around 6100-6200+ level...
RSI also giving indication of Overbought, so some consolidation expected around 6100-6200 level !

 More clear view in chart below :

Author: Unknown || Posted at Sunday, July 14, 2013
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