NIFTY SPOT TRIES TO SUSTAIN ABOVE
HURDLES
The
NSE Nifty spot closed at 5747 in the weekend with the real trades of 4888 level
which is the lower limit of index circuit. So many stocks have lower lows at
that time. As a result, two gaps of 5261 and 5447 were filled due to low of
index. Now, as per technical rules, we can't say that nifty has to reach there
to fill. Moreover, technical lower indicators are still moving in overbought
situation, whereas short-medium-long term exponential moving averages are still
below the price line. First time in the history of 3 years, nifty is not moving
as per perfect technical, where, nifty is breaking more and more rules of
technical. Still there a gap of 4646, which is still unfilled. As a technical
analyst, should we count that or not. Some analysts say not to count and some
say nifty has to come down to fill that gap. In this time, we need to be very
cautious about the movement and volume of nifty spot and market. We need to
analyze the major market stocks which are still having the perfect indication
of market movement. Traders are encouraged to receive those stock's list in
their respective mail ids after registering on our website. Lot of research
articles and data articles are being published on our website and blog as well.
All these you can receive at free of cost to get knowledge and stay updated.
Happy
Trading !!
Megha
Investments & Research Team
0 comments:
Post a Comment