I am not a certified analyst. The charts shown and the content in the blog are for educational purpose only and in no way is a buy or sell recommendation. Readers are advised to use discretion.

Wednesday 27 June 2012

NIFTY Views- for  27th June 2012:

Nifty has tried many times to cross the supports of 5090. Bulls are on strength as are managing to close above Big Supports. Now, Next resistance for Bulls- 5160, 5190 levels
 
In Daily Time Frame:
RSI              -  Downtrend
Bollinger       -  Up to Side trend
 
In 30 min Time frame:
RSI              -  Downtrend
Bollinger       -  Reversal

So Now,
BUY: No New positions ! If Old positions, Hold till 5200, SL - 5090
SELL: Short near 5200, SL 5222 after Expiry
Market seems Bearish in next coming days, after Expiry. So TGT expected - 140 points !!

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