Research of Indian Stock Market

Saturday, July 16, 2011

NIFTY OUT LOOK For Week



In Nifty weekly chart Last week early nifty breaches the low 5500 and made a Reversal Went to high 5663,But it can’t sustain in the level and closed at 5581.In candle stick It’s seams like a evening star pattern, But it has not confirmed.

In daily chart nifty there is Two small Gap’s 1st one is at 5660(NF) very small 2point’s onely,2nd is at 5605 Level ,In Thursday’s rally two Gap’s was filled but failed to Close, And in daily RSI indicate a selling .
So Looking the Overall patterns Coming week will Continue It’s down trend are otherwise may consolidate in this Level

 

Copyright M. Subramaniam