| DAY VALUES | |||
| HIGH | 6191 | 5 EMA | 6187 |
| LOW | 6133 | 10 EMA | 6203 |
| CLOSE | 6139 | 5 DMA | 6201 |
| HI EMA | 6227 | 10 DMA | 6237 |
| LEMA | 6177 | 50DMA | 6142 |
Hour TF is Highly Oversold exhibiting + ve Divergence.
December 18, 2013
NIFTY ANALYSIS
Nifty closed below 50 DMA and all other Day parameters yesterday.
Hour TF is Highly Oversold exhibiting + ve Divergence.
Hour TF is Highly Oversold exhibiting + ve Divergence.
December 17, 2013
NIFTY ANALYSIS
Nifty supported at 6150 levels. Holding 6145 - a pullback rally can be expected.
There are cluster of resistances at 6220 - 6240 by way of Moving averages.
The retracements for 6415-6145 are as follows:
| DAY VALUES | |||
| HIGH | 6183 | 5 EMA | 6211 |
| LOW | 6146 | 10 EMA | 6217 |
| CLOSE | 6155 | 5 DMA | 6240 |
| HI EMA | 6246 | 10 DMA | 6243 |
| LEMA | 6198 | 34 Hr MA | 6243 |
There are cluster of resistances at 6220 - 6240 by way of Moving averages.
The retracements for 6415-6145 are as follows: