Thursday, June 7, 2012

Nifty Resistance for 7th June, 2012

Technically Nifty has shown great bullish strength with a long bull candle (not showing in above chart). This may continue today as well,
I advise not to trade against the trend and one should go long till following target,with the reason to select.
After crossing two week huddle of 4957, it has become immediate support at least for today

5005: Upper Bollinger Band
5035: Lower trend line
5065 to 75: 200 DMA
5112: 50 DMA

No comments:

Post a Comment