Monday, September 15, 2014

CNX NIFTY: Daily Review at Closing -15 September,2014

Hourly Chart

  • A Head  & Shoulder Pattern formation is visible on the Hourly Chart.
    • Breakdown from the neckline of H & S pattern took place via Gap-down opening.
    • A pull back to the neckline is also seen.
    • A sell-off was again seen the last hour of today's session.
    • A negative moving average crossover was also apparent on the hourly chart.
    • Resistance  8060, 8100
    • Support 7990, 7970, 7940.

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