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.

Monday, 2 July 2012

NIFTY Views- for  02nd July 2012:

Bulls made a Gap up & have maintained the support at 5200.  Considering the Option data, 5430 seems next resistance
In Daily Time Frame:
RSI              -  Uptrend
Bollinger       -  Up to Side trend
In 30 min Time frame:
RSI              -  Uptrend
Bollinger       -  Reversal

So Now,
BUY: New positions on Dips around 5250! TGT 5400 in this week
SELL: No Shorts!!
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