NIFTY MACRO & MICRO ANALYSIS - WEEK ENDING 19 JULY 13

Last week what ever posted about market here …marked traded like that only .

Three years weekly Nifty chart is indicating that only 3 bullish candles lifted nifty to 6000 level . generally 5 bullish candles were there in  each swing in past on an average… so next coming candle may take nifty to 6100 or above as nifty is trading above 20 WMA and in upper bollinger zone which we can say is bulls  dominated area …

RSI is ar 64.71 and pointing to North East direction is  itself a bullish sign

Daily Nifty chart is showing that nifty entered in new horizontal channel  5900-6100… click here to   read more .

Hourly nifty futures chart is indicating that nifty  closed at top of channel means chances of profit booking say upto 5910  5950 ..which is demand of healthy  move and then towards  6100 …so  trade according to intra moves …positional traders stay long keeping sl at 5890  5900..micro analysis  will lead us towards macro ..note it please …

NIFTY  MICRO ANALYSIS

Mentor /guru /teacher is must to learn some thing in proper way  thru short methods …you  must have to accept some one as guru  like eklavya did …without guru  no gyan …see here 

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http://clientsviews.blogspot.in/2010/02/professional-charges-and-bankrs-details.html

 

 

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NIFTY MACRO & MICRO ANALYSIS - WEEK ENDING 19 JULY 13