Monthly Archives: December 2012

NSE India Nifty Trend Analysis -03 Dec 2012 Part -I

By | December 2, 2012 2:39 pm

Indian Markets finally gave a 4.5% rally which we have discussed in last week analysis as per Moving Average Forecasting method. On Macro front Not much has changed with the continuing political impasse, GDP growth at three year low of 5.3 per cent for the September quarter and rupee on a downward spiral. But that’s… Read More »

NSE India Nifty Trend Analysis -03 Dec 2012 Part -II

By | December 2, 2012 2:39 pm

Fibonacci technique Fib retracements   Fibonacci Ratios are drawn in above chart from 4555-5633 showing Fibonacci support and Fibonacci resistance. 5945Fibonacci resistance on Weekly basis Fibonacci fan As discussed earlier Fibonacci fan helps in finding potential tops and Bottom of market from short term prospective. If we see the chart closely with Fibonacci fans 5930-5945 is… Read More »