>> Sunday, February 22, 2009
Last week we saw NIFTY was in a negative mode.
Last week NIFTY closed at 2948 and this week at 2736 a decrease of 200 points odd.
This was due to bad global cues.
NIFTY TRIN at 2.154
Over all Nifty bearish.
5 day EMA at 2813.56
Pivot - 2701
Support - 2620 and 2575
Resistance - 2810 and 2875
NIFTY 1 month target 2875 (Revised)
Over all mode "Extremely Volatile and Bearish."
NIFTY target for Next week - 2795 (NIFTY can touch this point and can come down)
Simple moving Averages -
NIFTY Autogenerated technical analysis Here (LINK)