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NIFTY (3752) Technical Levels

Sunday, April 8, 2007

NIFTY (3752)

After 5 weeks of negative closing we had one week of record gain and then 2 weeks of negative closing again.
To be positive for month of April, Nifty needs to be above 3822.

Pivot point trading levels for 9th Apr is as under.
S2 S1 PIVOT R1 R2
3682 3717 3744 3779 3806

Pivot point trading levels for the Week is as under.
S2 S1 PIVOT R1 R2
3559 3656 3713 3810 3867

200-DMA 3643
20-DMA 3738
30-DMA 3757
50-DMA 3907
100-DMA 3921

Resistances on the way up are at 3774, 3880, 3966, 4052. These are not for any particular day and are valid for medium term.

Chart Resistance is at 3760 and then at 3793. Above 3793 be bullish for the day, else be cautious below or near 3800 for a drop. Utlimate stoploss for all bulls is a close below 3643.

Monthly Pivot is 3760

Posted by FR at 9:18 PM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.