Monday 30 July 2012

Technical Analysis For 31/07/2012


Nifty-cmp-5199

Nifty closed on a bull note at 5199. So today the first resistance for nifty
is at 5228 level. Next resistance are at 5256 and 5305. The immediate
support is 5179 On downside support are 5151,5102and 5074 at level.
So today above 5230 we expect the trend to continue and next average
true range(Upper Level) resistance is at 5269.
Weekly Oscillator Analysis-The oscillator is shing SELL signal Daily Short
Term Oscillator Analysis- swing bull trend


Daily nifty chart 

BankNifty cmp-10412

intraday strong resistance 10485. if it cross and hold then it may test
10558 and 10690 and The immediate support is 10354 while other supports
are 10280 ,10149 and 10076.
"trade with levels" BANKNIFTY



Daily BankNifty Chart







1 comment:

  1. Nice article, the points which you described here are the unique problem for every new and experience trader


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