Thursday 30 August 2012

Technical Analysis For 31/08/2012


Nifty-cmp-5334

Nifty closed on a slightly bullish note at 5315. So today the immediate resistance for
nifty is at 5304 level. Next resistance levels are at 5354, 5292 and 5441. On downside The first
support is 5266. other support are 5217 and 5178 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 slightly weak bearish
it may move up

Sentiment pcr ratio chart:







Weekly Oscillator Analysis-The oscillator is sideway
Daily Short Term Oscillator Analysis- sideway and now expected to move upside in daily chart ,showing little bit oversold ATR range-(5373-5257)

2 comments:

  1. Gold hit a five-month high on Monday as the dollar weakened with investors taking refuge in safe-haven assets in the wake of rising geopolitical tensions over North Korea. capitalstars

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  2. Oil Mixed Amid Rising Russian Production, Strong Demand In Asia Capitalstars

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