Tuesday, May 22, 2012

Nifty analysis!!!!

Market was sideways yesterday and today market opened in a positive note but weak rupee turned the trend down.
market now is at 4860, tomorrow it may touch 4840 and can move positive.
market is now taking support at a trend line on daily basis chart.
ROC have given a positive signal and MACD is changing the trend as well.
if market sustain in coming 2-3 days... then more positive movement can be seen in market.
will be expecting a positive closing for tomorrow.
Moreover positive us data of existing home sales can also give support.

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