Thursday, September 05, 2013

Technical Forecast for 5 - September - 2013 for Nifty

Technical Forecast for 5 - September - 2013 for Nifty

Again after forecast bang on target,On 4-September-2013, Nifty Closed at:5,448.10 (+106.65) on account of profitbooking by short sellers and bears.
On 5-September-2013, (Nifty) Mkts will come off the high of the day due to delivery based selling in nifty with oversold trin 2.2 and lack of buying pressure at higher levels.

 Daily trend(as per XL trading system):-
Market Type(as per XL trading system): bear market

 Daily Nifty Technicals Snapshot:

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