Sell-off from 5700 on Monday was seen.
Weekly Analysis:
Daily Analysis:
Summary:
Weekly paused, daily reversed. However, no sign of reversal yet. 5715-5740 level will still should be a decisive resistance. If broken look for the BrRL to hold (but as of now that's too far!).
With 200 SMA around, it's going to be a natural support. The type of consolidation will determine the next course of action. Still look for good opportunity to short - as the long-term DOWN is intact.
Note:
With highly oversold status, metals look quite hot.
Markets Quantified
ReplyDeleteNIFTY 28-Mar-2013
Current Market Situation :
NIFTY current close : 5683
NIFTY resistance level : 5756
NIFTY support level : 5589
NIFTY sentiment : sideways
NIFTY dominant cycle period : 17 days
Levels Tomorrow :
NIFTY intraday resistance 1 : 5706
NIFTY intraday resistance 2 : 5734
NIFTY intraday resistance 3 : 5773
NIFTY intraday support 1 : 5659
NIFTY intraday support 2 : 5631
NIFTY intraday support 3 : 5592
Markets Quantified
Dear Sir, Can u give me your email I'd or contact number? I want to talk to you. Thanks and Regards, Pinakin
ReplyDelete@ pinakin,
ReplyDeleteyou can call me Rajib.
We can discuss in this blog itself, others can also learn & contribute.
Regards,
Rajib
Dear Rajiv , Thanks for your reply, I have some charts and that I want to share with you thats why I need your email I'd Or otherwise give me reply on my mail id - Pinakinmedhat@gmail.com Regards, Pinakin
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