Sep 15, 2013

Nifty Analysis & Daily Chart for 16 Sep,2013


Daily Trend is up above  5674(SAR)
Weekly remain bullish above 5632
Trailing Stop loss for SAR  5607
Bearish Engulfing Pattern @5932
Raising window support 5460,5688
Weekly Indicator is bullish and Daily Indicator is bullish OB.
Support are 5210-5315-5350-5410-5448-5487-5515-5550-5606-5606-5630-5675-5720-5748-5840
Resistances are 5920-5970-5985-6080-6113-6150- 6187-6230-6284
Low of the Hammer are still protected 5254 and 5118 on  weekly basis. 
78.6%  of the last major fall  5882 need to crossed for trend to turn completely bullish.








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