Wednesday, August 28, 2013

Technical Forecast for 28-August- 2013 for Nifty

Technical Forecast for 28-August- 2013 for Nifty

On 27-August-2013, Nifty Closed at:5,287.45 ( down by -189.05 pts Or -3.45%) on account of unwinding of positions by traders,On 28-Aug-2013, markets will recover from day's low due to massive oversold trin at 9.06!! (world historic record in past 7 years of my trading) .

 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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