Its Friday, Nifty Technicals for 26-July- 2013

XL ( Excel ) Trading system Nifty Technicals for 26-July- 2013

Nifty trin (Daily):.1.79
Support:. 5850,  Resistance/Tgt:.6000

Previous Trading day's Trading Range:95 pts
Daily Average Trading Range (10 days): 78 (-3)pt

On 25-july 2013, Nifty Closed at:5,907.50 (-83 points) on account of profit booking, on 26-july-2013, Friday, Markets will recover from lows of the day, may have shortcovering rally by bears and short sellers booking profit.

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

 Daily Nifty Technicals Snapshot: