Nifty analysis!!!

Nifty today closed 1.3% down due to mid-cap stock pressure..
Descending range bound was broken today and nifty took support at 5040.. the crucial level of mid june..!
ROC and MACD both are indicating downtrend...
technically more downfall should be seen in the market but.. ECB have indicated that there are going to take measure to protect EURO and this news have boosted the US market and this will boost Indian market as well!!!

Looking at daily chart the support at 5040 is seen...!
ROC is indicating a change in trend.. where as MACD is indicating the downtrend....!
Nifty have retraced 50%(5060) of the (4770-5350)!!!!
Closing above 5060 will give some indication of sustenance!!!

Gold analysis!!!

gold after sustaining the level of 29180 started the upside rally...!
CMP is 29770.. and this level seems to be crucial for the gold..!
Closing above 29800 will give a positive signal and the rally can continue for the gold....
neither there is any divergence nor and negative indication form MACD and ROC on hourly basis...!
Positive movement can be seen further in the gold!!!

looking at the daily chart... the price is now at the Fibonacci Level of 50%.
The MACD and ROC is showing more room for the positive movement...!
Level of 29780-29934-30152-30430 are the resistance level whereas 29630-29438 can be the support level..!
Positive movement can be expected!!

Nifty Analysis!!!!

Nifty today started with a negative opening and stayed below the yesterday closing price....
Market was sideways... making a high of 5121 and low of 5077.
ROC and MACD yet are indicating the positive movement!
The resistance and support level are shown on the chart!
Gap of 5160-5190 and 5260-5300 are open and yet to filled... rally upto this level can be expected but not sure...!
Positive movement is expected in coming days..

Nifty analysis!!!

Hi... to everyone... i wasn't able to post for  week or so.. as i wasn't feeling well and after that got busy with some work...

So looking  the nifty movement the market has made any positive movement... for past 5 days...
resistance of 5262 wasn't breached and the market turned negative there after and .. now it is moving around 5190...
In the above Hourly chart... ROC and MACD has crossed upside, showing some room for a positive movement in the market.
since the market is moving a range bound resistance can be seen at 5160-5190-5220-5260-5300-5350.
Level of 5110 is crucial and closing below it can show new sell off in the market changing the sentiment to negative.
overall i am positive on the market and resistance can be seen at specified levels...!