Nifty Swing Trade:
As per two day swing trade currently it is in sell mode( reversed yesterday) and the trend will reverse on move above the 3140 level (future). As per swing trade it appears that nifty is on its way to 2915 and any breach of the same has all chances of nifty moving towards the 2728. The points being discussed in the swing trade are that of the future.
As per two day swing trade currently it is in sell mode( reversed yesterday) and the trend will reverse on move above the 3140 level (future). As per swing trade it appears that nifty is on its way to 2915 and any breach of the same has all chances of nifty moving towards the 2728. The points being discussed in the swing trade are that of the future.
Current trend – Sell ( sell generated at 3108)
Reversal Value - 3140.
BankexCurrent Price - 4025(future)
Current Trend – Sell ( reversed to sell at 4165)
Reversal Value - 4428
It may be noted that nifty has again moved below the 100 Day EMA. The EMA did not offer any resistance indicating that bears have gained upper hand firmly and we have chances of expecting further down sides and we have also chances of going below the 2900 level. If Fibonacci is applied nifty has gone below the 23% level and not headed towards 38.2% which appears to be at 2910 and any breach of the same has all chances of nifty moving towards 2839 and 2768(all the levels are that of future).
M.Sri MahidarReversal Value - 3140.
BankexCurrent Price - 4025(future)
Current Trend – Sell ( reversed to sell at 4165)
Reversal Value - 4428
It may be noted that nifty has again moved below the 100 Day EMA. The EMA did not offer any resistance indicating that bears have gained upper hand firmly and we have chances of expecting further down sides and we have also chances of going below the 2900 level. If Fibonacci is applied nifty has gone below the 23% level and not headed towards 38.2% which appears to be at 2910 and any breach of the same has all chances of nifty moving towards 2839 and 2768(all the levels are that of future).
31st March 2009 Time 7.30 A.M IST
No comments:
Post a Comment