Nov 26, 2010

Nifty index with EMAs, Fibonacci and channel

The Nifty Future is at 100day EMA.
                     EMA            Fibonacci
Resistance          6000 6005        5845 4962 6000 6128
Support             5520             5739 5585 5555


Williams is in OverSold, but hooked down.
ForceIndex is still moving downwards.
Both the indicators are into negative zone after remaining frozen in OverBought to be confirming the bull trend.


The channel from recent high is continuous parallel and undisturbed, with almost uniform bars, mostly red ones.

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