XL ( Excel ) Nifty Technicals for 9-July- 2013

XL ( Excel ) Nifty Technicals for 9-July- 2013

Nifty trin (Daily):.1.6
Support:. 5800,  Resistance/Tgt:.5900

Previous Trading day's Trading Range:92 pts
Daily Average Trading Range (10 days): 89 (-1)pt

On 8-july 2013, Nifty Closed at: 5,811.55 (-56.35 points down) on account of overbought trin.On 9-july 2013, Markets can have Short covering by bears. 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: