NIFTY DAILY CHART:BREAK DOWN: NIFTY HAS BROKEN SOME CRUCIAL SUPPORTS OF 5300 AND 5275 NIFTY MADE A LOW OF 5237 WHICH IS CRUCIAL LEVEL (PINK LINE) NIFTY HAS BROKEN THE LOWER TRENDLINE (GREEN LINE) BUT CLOSED AT 5262 WHICH IS ON THE TRENDLINE .GOLDMAN SACHS: WITH RECENT NEWS OF GOLDMAN SACHS BEING CHARGED WITH FRAUD BY SEC IS NOT A GOOD NEWS FOR INDIAN MARKETS EITHER , WE MIGHT OPEN GAP DOWN WITH 5236 AND 5200 MIGHT BE BREACHEDNEXT SUPPORT : 5200 AND 5185(V .IMP)
NIFTY FUT 5 DAY 10 MIN:BULLISH ENGULF :NF HAD FORMED A BULLISH ENGULFING CANDLESTICK PATTERN ,WHERE THE GREEN CANDLE HAD FULLY COVERED THE RED CANDLE AT 5315 .NF MADE A HIGH OF 5336 AFTER THE PATTERN FORMATION AND CLOSED AT 5330
NIFTY FUTURE 5 DAY 15 MIN: NF WAS NOT ABLE TO CROSS THE UPPER TRENDLINE AND CLOSED AT 5330NIFTY FOUND SUPPORT AT VARIOUS POINTS (UP ARROW)ON THE LOWER TRENDLINE
NIFTY DAILY CHART :10 DAY SIMPLE MOVING AVERAGE: NIFTY HAD TAKEN SUPPORT AT 10 SMA WHICH WAS 5324 AND CLOSED AT 5339NIFTY ALSO HAS SUPPORT AT THE LOWER TRENDLINE AT 5320 AND 5305
NIFTY DAILY CHART :CHANNEL :NIFTY TOOK SUPPORT AT LOWER END OF THE TREND LINE AT 5300 AND RECOVERED MOST OF THE LOSS FROM PREVIOUS DAY.NEXT WEEK: RESISTANCE :5395 AND 5425SUPPORT: 5290 AND 5275
