Friday, August 30, 2013

Technical Forecast for 30-August- 2013 for Nifty

Technical Forecast for 30-August- 2013 for Nifty

On 29-August-2013, Nifty Closed at:5,409.05 (+124.05) markets rallied on account of massive shortcovering and unwinding of positions on FnO Expiry,30-Aug-2013, markets will continue to rally due to short covering , oversold trin and weekend.

 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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