Monday, October 10, 2011

>Technical Update 10 October 2011 NSENifty

In the August 20, 2001 Technical Update it was pointed was 4600-4650 is a strong support for NSE and that it is quite likely to hold. (As against popular perception of breaking down to close to 4000 levels).

For now positive dievrgence can be easily seen on Momentum indicators and stiff resistance is posed at 5350 to 5400 area.

For those who did buying at around 4800 levels..Hold on. We shall see how it moves up.!

Analysis at Risk if NSE Breaks and Closes below 4900 anytime soon.

Chart attached.

1 comment:

Karan said...

Nice Chart and view.
thanks for update..
keep posting..