Technical Analysis and Research
Nifty-EOD Chart(17-06-2011):-
Main Features
1- started on 03/11/2009 from 4538
2- Nifty got support on it 6 times in last 18 months
3- 1st support in Feb 2010
4- 2nd support in May 2010
5- Both Supports at 200 Day EMA
6- 4 Times support on Rising Trend line in last 4 months(Lowest at 5177).
7- 4 Times Resistances at 200 Day EMA in last 4 months(Highest at 5604).
(Above Research is revealed first time only in this Blog and will not be not be available in any other Website or Business news Channel. Final conclusions and its implications will be posted in the coming topics within 20 hours)
Nifty-EOD Chart(17-06-2011):-
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| Just click on chart for its enlarged view |
1- started on 03/11/2009 from 4538
2- Nifty got support on it 6 times in last 18 months
3- 1st support in Feb 2010
4- 2nd support in May 2010
5- Both Supports at 200 Day EMA
6- 4 Times support on Rising Trend line in last 4 months(Lowest at 5177).
7- 4 Times Resistances at 200 Day EMA in last 4 months(Highest at 5604).
(Above Research is revealed first time only in this Blog and will not be not be available in any other Website or Business news Channel. Final conclusions and its implications will be posted in the coming topics within 20 hours)