Sunday, February 16, 2014

Nifty technicals 17th february

Hi friends,
                   According to my old post on nifty,I expected bounce back as long
as nifty held 5965 ,The nifty fell till 5984 and reversed.
Lets look at the present structure of nifty.
Nifty technicals 17th february
From the chart we can
see that the nifty has retraced
till the trendline resistance
If we trade above 6060
we have potential to go
towards 6100+ ,If we fail
to cross 6060 tomorrow
we should remain sideways
in the range 6060 to 6000.
Lets see how nifty performs

Tomorrow .



Shiree said...

Wonderful analysis.

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