Tuesday, July 02, 2013

XL ( Excel ) Nifty Technicals for 2-July- 2013

XL ( Excel ) Nifty Technicals for 2-July- 2013
Nifty trin (Daily):.0.36
Support:. 5800 Resistance/Tgt:.5950
Previous Trading day's Trading Range:83 pts
Daily Average Trading Range (10 days): 97 (+0)pt

On 1-july 2013, Nifty Closed at: 5,898.85 (+56.65 points up ) due to short covering by trapped bears/short sellers, on account of oversold trin at 1.09.

 Daily trend(as per XL trading system):uptrend
Market Type(as per XL trading system): Bear Market

today, there will be selling pressure at higher levels in market.

 Daily Nifty Technicals Snapshot:

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