The forthcoming week is likely to be highly volatile driven by expectations from the upcomingUnion Budget. The highly eventful week begins with the Railway Budget on 24 Feb 2010 to befollowed by tabling of Economic Survey on 25 Feb and the Union Budget on 26 Feb. Also, theexpiry of Feb derivatives contracts this week will … Read more Nifty Weekly Technical
Nifty Daily Charts is attached as above: Nifty showed a bit of resilience on Last Saturday special trading session and closed with a 1% of gain.We look quiet oversold on Daily Charts as per MACD and RSI. Now immediate support for Nifty comes at 4692 the low of Friday and Immediate resistance at 4832 Higher … Read more Nifty Weekly Technicals
Nifty after making a low at 4814 for 3 days in a row than feeling Resistance now at 4950 levels,As a common saying in Previous support become resistance it is proved again in charts shown above.But it would be a good to be on long side as FII bought heavily in Index Futures today in … Read more Nifty will 4950 will be elusive?
Nifty if we take fibo retracement of 5320 from 4539 Golden Ratio of 61.8% Retracement comes at 4828 Area This should provide good support. Resistance at 4930 and 4980 (200 SMA) Region