>> Sunday, February 15, 2009
Last week we saw NIFTY was in a range bounded mode and was a bit volatile.
Last week NIFTY closed at 2843 and this week at 2948 an increase of 100 points odd. This was due to global cues.
NIFTY TRIN at 0.35
Over all Nifty bullish.
5 day EMA at 2892
Pivot - 2954
Support - 2899 and 2846
Resistance - 3010 and 3064
NIFTY 1 month target 3210.
Over all mode "Volatile"
Range bounded - Range 2890 to 3085
NIFTY target for Next week - 3040 (NIFTY can touch this point and can come down)
Simple moving Averages -
NIFTY Autogenerated technical analysis Click Here.