Sunday, July 07, 2013

XL ( Excel ) Nifty Technicals for 8-July- 2013

XL ( Excel ) Nifty Technicals for 8-July- 2013
Nifty trin (Daily):.0.51
Support:. 5800,  Resistance/Tgt:.5900
Previous Trading day's Trading Range:64 pts
Daily Average Trading Range (10 days): 90 ( 0)pt

On 5-july 2013, Nifty Closed at: 5,867.90 (+30.95 points up) on account of short covering, On 8 july 2013, Markets can have profit booking due to overbought trin. Guess the Nifty's closing for today?
 (Hint:include trin+ Add average trade range to previous close= for today's nifty close.)


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

 Daily Nifty Technicals Snapshot:

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