Nifty Weekly Chart
Fibonacci projection target is around 15250
The doji alerts one to watch for the coming week's candle. A trade and close below last week's range will confirm bearishness.
Nifty Daily Chart
There's been a slow slide after completing target of around 14500 partially filling gap left at 14347-14383.
Nifty Hourly Chart
Bank Nifty Weekly Chart
Bank Nifty Daily Chart
Bank Nifty showing a mild bearish bias too.
Would be prudent to tighten stops.
follow me on twitter http://twitter.com/#!/lucksr
Happy Trading !!
Lakshmi Ramachandran
1 comment:
"Dear Admin,
This Blog Is Really Nice, Thanks For Sharing.
Dear Admin,
Capital Street is a boutique financial services organization that operates a diversified group of companies, that together comprise the Capital Street Group. With a comprehensive array of services ranging from Capital Market Execution to Private Banking services, we aspire to become the provider of choice for individuals and institutions globally.
Technical Analysis of the Financial Markets, Technical Analysis is the art of forecasting future price movement."
Post a Comment