Monday, January 27, 2014

Nifty Daily chart analysis [ 27 - Jan - 2014 ]


Daily chart analysis

  • Today session was a gap down opening.
  • Market opens under the three month up- sloping trendline.
  • Triangle breakdown is also seen.
  • A further weakened session day after today, can probably confirm  that top has been made.
  • Nifty closed in its support zone of 6130 - 6140.
  • Further Support is at 6100.
  • Major Support is at 5972.
  • However nifty is oversold on intra- day charts, hence a small bounce till 6160, 6180 can be seen.



No comments:

Post a Comment