For Monday, Nifty Technicals for 29-July- 2013

XL ( Excel ) Trading system Nifty Technicals for 29-July- 2013

Nifty trin (Daily):.2.01
Support:. 5850,  Resistance/Tgt:.6000

Previous Trading day's Trading Range:75 pts
Daily Average Trading Range (10 days): 78 (-0)pt

On 26-july 2013, Nifty Closed at:5,886.20 (-21.30 points) on account of profit booking,on 29-july-2013, Markets will recover from lows of the day, may have shortcovering rally by bears and short sellers booking profit, but there will big fall in markets in 1-2 days, due to delivery based selling on friday.

 Daily trend(as per XL trading system):downtrend
Market Type(as per XL trading system): bull market

 Daily Nifty Technicals Snapshot: