Tag Archives: overbought

S&P CNX Nifty – Weekly Analysis -19 Nov 2012 Part -II

By | November 17, 2012

Nifty Fibonacci Retracement Nifty Fibonacci Retracements from 5214-5815 are drawn in above chart,Major support at 50% retracement  at 5514 and Resistance at 5585. Nifty Fibonacci Fans As discussed earlier Fibo Fans helps in finding potential tops and Bottom of market from short term prospective. If we see the chart closely Nifty has formed a swing… Read More »

Nifty Weekly Analysis for 05 Nov with key trading levels -I

By | November 4, 2012

Next week promises to be action packed week as 5 heavy weight SBI, ONGC, Tata Steel and Coal India comes up with their results.US also goes down for election on Tuesday. Mahurat trading is only 6 trading session away and as seen from past Historical data Nifty tends to give 5-6% move pre or post… Read More »