Nifty closed well below at 5340. SAR for today NIFTY 5401 and Bank Nifty at 10486. It is taking some time to cross the recent low at 5280. Below that downside confirms.
March 2, 2012
March 1, 2012
NIFTY SAR
Nifty yesterday opened up and again moved below SAR. Again in sell mode.
NIFTY SAR at 5414 and BANK NIFTY AT 10529.
NIFTY SAR at 5414 and BANK NIFTY AT 10529.
February 28, 2012
NIFTY SAR for 29th Feb
Nifty today attempted to reverse back but closed below 20D SMA and SAR. SAR for NIFTY is now at 5421 and for Bank Nifty at 10555. Tomorrow's open will be crucial.
February 27, 2012
Fibo Targets for Nifty
Nifty today broke the 20DSMA, cluster points between 5300-5400 and closed at 5281. Now we can calculate the fibo levels for possible target of NIFTY in days to come.
From
|
To
|
Fall/Rise
|
0.236%
|
0.380%
|
0.500%
|
0.618%
|
0.786%
|
|
NIFTY
|
4531
|
5628
|
1097
|
5369
|
5211
|
5080
|
4950
|
4766
|
So the next target is 5211. 5170-5220 is strong support zone. 200 D SMA is at 5171. Below this further weakness continues.
NIFTY spot SAR for 28th Feb is at 5430 & Bank Nifty at 10571.
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