Nifty Intraday Chart - 5 Mins:
Nifty Chart - Hourly:
On the lower side Nifty formed a gap yesterday at 4593 levels which may act as support, if Nifty breaks this levels it has more chances of going down to 4546 levels.
Tuesday, August 25, 2009
Nifty Technical Analysis For 25th Aug 09
,
Nifty Chart - Daily:
Yesterday Nifty opened gap up and formed a narrow range bar with higher volumes, giving a hint that bulls are unable to move the prices up.
Nifty Intraday Chart - 5 Mins:
Nifty formed a narrow range and gave a false breakout from the range. Also it has formed an ABCD extension pattern in futures. This breakout made it reach the target for the "D" and also the Inverted head and shoulders pattern. When it reentered the channel it gave a good signal for reversal as it became a false breakout.
Nifty Chart - Hourly:
On the higher side yesterday's high of 4665 mat act as good resistance for Nifty. Next resistance comes at 4700 levels.
On the lower side Nifty formed a gap yesterday at 4593 levels which may act as support, if Nifty breaks this levels it has more chances of going down to 4546 levels.
Nifty Intraday Chart - 5 Mins:
Nifty Chart - Hourly:
On the lower side Nifty formed a gap yesterday at 4593 levels which may act as support, if Nifty breaks this levels it has more chances of going down to 4546 levels.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment