September 7, 2012
September 6, 2012
Nifty approaching 5200
Nifty could not sustain 5250 yesterday. Watch out for Downside support at 5190-5200, and upside resistance at 5260-5300.
September 4, 2012
Nifty Breaks 50D SMA
Nifty's attempt to recover did not sustain yesterday. It finally broke 50D SMA and closed below it. Now 5200 is the level to watch. India's rating downgrade news may be a trigger now.
Fibo Targets:
From To 50% 61.8%
5032 5448 5240 5191
Nifty is currently at 50% retracement.
Fibo Targets:
From To 50% 61.8%
5032 5448 5240 5191
Nifty is currently at 50% retracement.
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