Jun 2, 2011

Nifty Premarket View - 02.06.2011

Option reading index for today is (-) 1.88 down from last trading figure of (+) 0.23 suggests mild buying interest. Keep in mind weekly view. You can read the post here
To Read Nifty PE - Maya continues, visit here


Ichimoku - Std Param 
Price Trend - Up. Tenken trending up, Kijun, Span B trending flat. Span A rising. Kumo Gap - 100 points. Resistance - 5602, 5610,5636. Support - 5560, 5522, 5490, 5478,5466. Kumo gap suggest reduced volatility. 
Chikou span resisted at Past Span A & 50 DMA curve line, possibility of price correction to 5522 levels.


Ichimoku - Short Param
Price Trend - Up. Tenken up. Kijun, Span B flat with Span A up. Short term bullish shown by kumo crossover. Kumo Gap - 29 points.  Resistance - 34 DMA - 5602, 50 DMA - 5640. Support - 5560, 5492, 5466.


 

No comments: