Nifty Technicals forecast for 30 - May- 2014

Nifty Technicals forecast for 30 - May- 2014

On 29- May-2014, Nifty Closed at:7,235.65 (-94) on account of short covering and profit booking by traders on the day of FnO Expiry, for 30-may-2014, its fresh start of FnO series and its weekend time.

Meanwhile, some food for thought, so i have posted charts of nifty with 2 time frames.

Nifty 2004 onwards charts

Nifty 2013 onwards charts