NIFTY

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

CNX NIFTY 5,688.95  + 120.55  + 2.16 %

Nifty as I said in my last post, to short only on rallies and topping patterns on daily charts.The same is happening.Nifty rallied above 20 dma – the yellow moving average line.Next resistance is at 50 dma of 5742 and swing top of 5755. Watch how it reacts at these levels.

DAILY CHART

NSEIND

 

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