Sunday, March 31, 2013

View on nifty for the first week April!!!

Nifty






Nifty seems like changing the trend...!
Support at 200 MA
Divergence in RSI.
Volume last thursday was high as compared to week...
looking at this few positive point Upside in nifty can be seen.

Further confirmation can be seen if MACD cross upside as well.

Other thing to be noticed in the chart is the current low of the week can be considered Wave b and and Wave c is on it way.

Support at 5611 and resistance at 5790-5910-5950-6110

Regards
Rinkesh Jain

This is my personal view... plz consult your advisor before Trading/Investing.

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