Incisive Nifty Trend Analysis

prada

prada

Well-Known Member
#54
#54
Nifty's short term trend is clearly down as long as it stays below 5450. Midcap index and Bankex seems to be getting decimated more than the benchmark indices. Benchmark indices will catch up soon at this rate. Bounce backs will be used as a shorting opportunity by the smart money. Immediate resistance- 5360-5370.
 
prada

prada

Well-Known Member
#55
#55
USD/INR has finally given a breakout and managed to close above 55.65. Now if it manages to sustain above 55.50 for the next few days and has a weekly close above 55.65, we are then staring at a new all time high for the pair in the near term.
 
N

NANDAMAD

Well-Known Member
#57
#57
prada said:
Nifty's short term trend is clearly down as long as it stays below 5450. Midcap index and Bankex seems to be getting decimated more than the benchmark indices. Benchmark indices will catch up soon at this rate. Bounce backs will be used as a shorting opportunity by the smart money. Immediate resistance- 5360-5370.
Click to expand...
Thank u sooooooooooooooooo much.
 
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