Nifty crossed the 5740 mark yesterday, but against a 3% fall in Dow, it could not give enough support. Nifty opened around 5710 in the morning and has been trying to cross the 5740 mark. But it has acted as solid resistance again and again. Maybe after today's consolidation it will attempt to cross this hurdle tomorrow.
November 8, 2012
November 2, 2012
Final Hurdle at 5740
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| Nifty closed above the Trendline. Nearest resistance is now again the 5740 (June'11 peak). SAR for monday is 5664. |
November 1, 2012
Trendline Support
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| Took support at trendline. If sustains above it, it will soon cross EMA-10 and upper trendline. SAR for tomorrow is at 5657. Intraday If it reverses back, from higher levels(Opening seems to be above SAR) SAR will be 5657-20=5637. |
October 31, 2012
Technicals
Nifty's support of 5630-45, till yesterday will act as resistance now. It is retracing now from 5620 range.
Nifty SAR for tomorrow 5659.
I have limited / reduced the technical studies to:
1) 10 D EMA / SMA
2) MACD
3) TRENDLINE
BUY TCS: MACD CROSSOVER, ABOVE 10 D SMA
BUY INFOSYS : ABOVE 10 D SMA, (ON SUSTAINING ABOVE 2370)
Nifty SAR for tomorrow 5659.
I have limited / reduced the technical studies to:
1) 10 D EMA / SMA
2) MACD
3) TRENDLINE
BUY TCS: MACD CROSSOVER, ABOVE 10 D SMA
BUY INFOSYS : ABOVE 10 D SMA, (ON SUSTAINING ABOVE 2370)
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