Ticker

Tuesday, July 29, 2014

29-7-2014 - NIFTY



            NIFTY has closed at 7743.25. In the day trade NIFTY has made a low of 7721.80 and bounced back. Below is the chart for NIFTY which clearly shows the support area where it has made low in the price chart and in the RSI chart as well. Good chances are there to
bounce in tomorrow’s trade. If it does not sustains the higher level and breaks and closes below 7705, as we have mentioned in our previous posts, then we must sit aside, squaring off all longs in NIFTY. Stock specific movements will continue. One can keep these levels in mind and trade.



No comments:

Post a Comment