It has been a complete 1 month we have expressed our views on the Nifty. Our eyes were continuously on the moments of Nifty. Following we have listed our observation in points: -
1. Nifty index consistently taking support near 200 EMA from the last one month, we have also witness Open Interest is coming down in this month but from last 2 days OI is increasing again.
2. Volume is also very good in frontline stocks like banking stocks, its positive thing ahead.
3. Most important, when Nifty started coming down from 5600, it has making lower tops with down trendline which is shown in figure.
this down trendline tested thrice & confirmed its importance.
When this down trendline breaks by Nifty at upperside direction, Nifty's next intermediate uptrend will continue.
4. By seeing Nifty chart with RSI, it’s clearly showing divergence with price from last 6 months, we can predict Nifty is gaining momentum
Since most of the things in the market moves on prediction we too hope by looking at the technical chart that in coming days Nifty will reach new heights.
See syllabus for Technical analysis training in Mumbai,India.
Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html
1. Nifty index consistently taking support near 200 EMA from the last one month, we have also witness Open Interest is coming down in this month but from last 2 days OI is increasing again.
2. Volume is also very good in frontline stocks like banking stocks, its positive thing ahead.
3. Most important, when Nifty started coming down from 5600, it has making lower tops with down trendline which is shown in figure.
this down trendline tested thrice & confirmed its importance.
When this down trendline breaks by Nifty at upperside direction, Nifty's next intermediate uptrend will continue.
4. By seeing Nifty chart with RSI, it’s clearly showing divergence with price from last 6 months, we can predict Nifty is gaining momentum
Since most of the things in the market moves on prediction we too hope by looking at the technical chart that in coming days Nifty will reach new heights.
See syllabus for Technical analysis training in Mumbai,India.
Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html
No comments:
Post a Comment