Sunday 29 July 2012

Technical Analysis For 30/07/2012



Nifty-cmp-5099

Nifty closed on a bull note at 5099. So today the immediate resistance for nifty is at 5109 .then first resistance for nifty is at 5141 level Next resistance ranges are at 5182 and 5213 levels. On downside first support is at 5068 level. Next supports are at 5037and 4996 level.So today below 5060 be alert as more selling to follow below 5037 level and upside above 5109 ( 50 Day SMA AND 200 Day SMA are 5106 and 5103 respectively) nifty will comfortable to test 5127 (38% Fibo Retracement) and further levels

Oscillator Analysis The weekly chart oscillator is showing SELL signal while Short Term Oscillator Analysis-of Daily chart of NIFTY in oversold region it may move up any time so careful and trade with levels


Weekly Chart Of Nifty



Daily Chart Of Nifty

BankNifty cmp-10140

intraday strong resistance 10327. if it cross and hold then it may test 10413 and 10626and while support are 10028 ,9916 and 9729.
"trade with levels" BANKNIFTY


Daily Chart Of BankNifty



1 comment:

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    • I-T returns filing up 25% post demonetization.
    • July sovereign gold bonds to start trading from today.
    CapitalStars

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