Thursday, 2 May 2013

Technical Observations


The Nifty closed in the positive today, up 69 points at 5999.
Over the next couple of days it is expected to head higher
till 6030. In this period the key support will be at around
5950 and resistance will be at 6030


On the daily chart the index is trading above the 20-DMA
and the 40-DMA, ie 5714 and 5775 respectively. The
momentum indicator is trading in positive mode.

No comments:

Post a Comment

Note: only a member of this blog may post a comment.