Sunday, 18 August 2013

NIFTY NIFTY where is it heading towards or where is it tailing towards?

NIFTY is currently at 5440.40

Nifty looks bearish as of now.Nifty has already crossed the crucial level of 5477.

If Nifty gives a Close below this level today, a Further fall is expected taking Nifty to the level of 5350.

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The Nifty 100 day SMA is 5837.10
The Nifty 200 day SMA is 5850.20
The Nifty 50 day SMA is 5791.20

The Nifty today crossed below its 100 week SMA in Intraday and also is just below the 200 week SMA.

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