understanding nifty
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nayanmval
NIFTY
Lookingrange foIt has alcrucial 6will be th
Now letwhere NI
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AILY
at the NIFTthe secon
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have a loIFTY is hea
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Y daily chatime.
ed 50% frodownwardder.
k at the weed.
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ERST
t below yo
a fall of 5loping tren
kly and m
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nthly chart
G NIFT
t Nifty faile
. Further puis at 5650
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ll back willo 5700 ran
ve a better
elow 5150-
ring it to tee which ac
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ng of
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NIFTY
(Februarclose belNIFTY M
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ONTHLY
y 2011 andow this ran
ONTHLY c
J une 2011e will be a
art is yet to
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mNAYA
89 weeksr for BEAR
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EMA is aro.
e upside a
SECURITI
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all indicato
ES PVT.LBy Dh
Throughthe bullbetween2003 toNIFTYalwayssupportthe 89EMA incorrectio(2004,
2008).
As ofNIFTYtwicesupportweeks E
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s like MAC
RSI andclassic dtop areshowingsignsreversal.
D.RESEArmesh N.
outrun
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akenat
eeksveryn.006,
nowhas
akenat 89MA.
ekly
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of
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Disclaimer:
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