Tuesday 28 August 2012

Technical Analysis For 29/08/2012


Nifty-cmp-5334


Nifty closed on a slightly bullish note at 5334. So today the immediate resistance for 
nifty is at 5335 level. Next resistance levels are at 5358, 5282 and 5405. On downside The first
support is  5312. other support are 5289 and 5265 at level.
hence, next session of trading expected to sideway range bound between 5250 and 5400 below 5300 may move down side .even global market having no movementum and sideway

Sentiment  28 August 2012: PCR_OI:1.35 PCR:1.06
28 August 2012 Premium: 11.45 Futures OI:20266150.0 

Weekly Oscillator Analysis-The oscillator is sideway
Daily Short Term Oscillator Analysis- sideway and now expected to move downside in daily chart .Nifty loosing movementum ,showing little bit overbought ATR range-(5389-5279)


1 comment:

  1. The BSE Sensex opened at 30,531 down by 51 points, while the Nifty50 opened down by 20 points at 9491 mark.capitalstars

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