PUNTERS CALL
Fabulous Friday on D StreetThe Nifty closed in the positive today, up 143 points at 6189. Over the next couple of days it is expected to trend up till 6230. In this period the key support will be at 6106 and resistance will be at 6230.
Other technical observations
On the daily chart the index is trading above the 20-daily moving average (DMA) and the 40-DMA, ie 5961 and 5872 respectively. The momentum indicator is trading in positive mode.
On the daily chart the index is trading above the 20-daily moving average (DMA) and the 40-DMA, ie 5961 and 5872 respectively. The momentum indicator is trading in positive mode.
On the hourly chart, the Nifty is trading above the 20-hourly moving average (HMA) and the 40-HMA, ie 6106 and 6082 respectively, which are crucial intra-day levels. The hourly momentum indicators have turned positive. The market breadth was positive today with 723 advances and 448 declines on the National Stock Exchange.
SMART CHART CALLS
MOMENTUM CALLS
DAY TRADERS HIT LIST
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