NIFTY Technicals for the week 15th - 19th Dec.

Markets went up on account of good global cues.

I see markets headed toward 3050 before giving up all its gain.

Nifty looking a bit bullish.

If NIFTY crosses 3050 next targets would be 3125 and 3250.

Monday we could see flat opening. But over all we are bullish.

Simple Moving Averages -

5 D	8 D	13 D	20 D	39 D	50 D	200 D
2854	2796	2763	2747	2859	3041	4211

 Suppor and Resistance -

Previous resistance Previous support Weekly close 5 days highest high 5 days lowest low

2833 2503 2714 2945 2701

Other Indicators

- Volume (last/ 5 day average): 0 / 0

- 5 day RSI: 72 - no indication.

- 14 day RSI: 53 - no indication.

- Williams % R(14): 94 (summation factor 100)

- Average Directional Index ADX: 19

- Average True Range ATR: 5 days - 125 .....14 days – 145

- Nifty trin (Daily) - 0.59

- ADX – Bullish

Fibonacci price projections -

	0%	61.8%	100%	161.8%	261.8%
Up	2503	2707	2833	3037	3367
Dn	2833	2629	2503	2299	1969

Happy Investing !

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