NIFTY 21.05.10

NIFTY WEEKLY CHART :

"TOLD YOU SO" : IN MY PREVIOUS POST I HAD MENTIONED NIFTY HAS CRUCIAL SUPPORT AT 4850 , AND TODAY NIFTY MADE A LOW OF 4842 WHICH WAS CLOSE TO LEVELS AS MENTIONED


LEVELS TO WATCH : 4850 & 4745

NIFTY 20.05.10 (B)

NIFTY DAILY CHART :


200 EMA: WE HAD SEEN NIFTY BREAK THE 200 DAY SIMPLE MOVING AVERAGE AT 4980 , BUT  NIFTY  HAS ONE MORE   SUPPORT AT 200 DAY EXPONENTIAL MOVING AVERAGE AT 4897

NIFTY 20.05.10

NIFTY WEEKLY CHART :


WEEKLY DMA: NIFTY HAS BEEN HOLDING ON THE SUPPORT OF 50 WEEK MOVING AVERAGE 


TRENDLINE: THE LOWER TRENDLINE SUPPORT IS AT 4850 - 4860 WHICH WILL BE VERY CRUCIAL  SUPPORT FOR NIFTY

NIFTY 18.05.10

NIFTY DAILY CHART :

TRENDLINE SUPPORT: WHEN NIFTY MADE A LOW OF 5024 IT TOOK SUPPORT AT THE TRENDLINE  , WHERE PREVIOUSLY ALSO NIFTY HAS TAKEN SUPPORT ALONG THE TRENDLINE

100 EMA : NIFTY FACED RESISTANCE AT 100 EMA WHICH IS AT 5105 , WHICH WAS TODAY 'S HIGH (DOWN ARROW)