Nifty 50 stocks study charts

Friday, February 6, 2015

Nifty 6 Feb 2015

                                                                       5 mins chart

Nifty tested the support for the 6th time yesterday and now trading in green territory (It opened gap down in the red territory). It is having strong resistance near 8825 (shown with thick red line) which if  crossed then only uptrend is confirmed. Nifty is making newer lows every day since last 5 trading sessions is a bearish sign. 

1 comment: