Friday, 3 January 2014

NIFTY – Now you got me thinking : 2

 

Well, we can have blog-post sequels too right? The original post here

The charts below will tell you how clue-less I am about the entire stuff but, make no mistake. I am going to state what Nifty will be doing in near-term with full conviction just like any other road-side analyst. If proven wrong, I’ll follow it up with another sequel post :  )

On a serious note, Yesterday’s top is Line in Sand for aggressive Bears and for conservatives we can relax it to 635x levels again. Break of 613x levels and we are visiting 59xx. But the case is still ON for Bulls. Only close below 54xx levels will build a case for Bears, previous post here

Hourly & Daily Charts below

NIFTY – Hourly Chart

 NIFTY_Hourly_Jan_3

 

NIFTY – Daily

Nifty_Daily_Jan_3

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