NIFTY DAILY CHART :NIFTY CLOSED AT 5017 WHICH IS AT 61.8% RETRACEMENT FROM 5310 TO 4536 IF YOU REFER TO MY POST ON 26.02.10 I HAD MENTIONED NIFTY WILL FACE RESISTANCE AT 5000 AND 5015 WHICH PROVED RIGHT http://ritesh-researchreports.blogspot.com/2010/02/nifty-260210.html VOLUMES : VOLUME ON 26.02.10 WAS VERY GOOD (SMILEY) WHICH WAS ABOVE AVERAGE NEXT RESISTANCE LEVELS ARE AT 5055 AND 5069 (V.IMP)
NIFTY FUTURE 1 DAY 5 MIN: BULLISH ENGULFING PATTERN: NIFTY FUTURE MADE A TREND REVERSAL CANDLESTICK PATTERN WHICH INDICATES A START OF BULLISH UPTREND . NF MADE BULLISH ENGULF (IN YELLOW ) AT 4967 (DAY LOW) WHERE THE LARGE GREEN CANDLE HAS COMPLETELY ECLIPSED THE RED CANDLE ON SECOND OCCASION(IN BROWN ) AT 4993 BULLISH ENGULFING PATTERN HAD CONFIRMED THE UPTREND
AXIS BANK DAILY CHART : SUPPORT LINES : THERE ARE 2 SUPPORT LINES WHICH ARE 1020 (PINK LINE ) AND 1000 (YELLOW LINE )100 DAY MOVING AVERAGE : AXIS BANK HAS GOOD SUPPORT AT 100 DMA WHICH IS IN BETWEEN THE 2 SUPPORT LINESRESISTANCE : AXIS BANK IS FACING GOOD RESISTANCE AT 1120 ( GREEN LINE )IMMEDIATE SUPPORT IS AT 1066 ,1050 AND 1025
WEEKEND STUDY:
