Friday, April 20, 2012

Strentgh will emerge upon movement above 5338

Nifty is grinding around this region for two days now. There are quite a lot of resistances crowded in this region and a deceive move above this will strengthen bullish view. Nifty should close above 5279 for this weekly +veness to   persist.


Day Open High Low Close        
4/20/2012 5320.6 5342.45 5291.3 5332.4     Camerilla Levels
Daily Pivot HL5  5384
S3 S2 S1 Pivot R1 R2 R3 HL4 5361
5251 5271 5302 5322 5353 5373 5404 HL3 5346
5 Hr EMA 5 DAvg 5 DEma 13 DEma 21 DEma 34 DEma 55 DEma LL3 5318
5325 5271 5291 5277 5280 5278 5252 LL4 5,304
              LL5 5,281
FIBO Retracement table
From To Fall/Rise 23.60% 38.20% 50% 61.80% 73.60% 80%
5291.5 5337.5 (46) 5327 5320 5315 5309 5304 5301
5342 5293.5 49 5305 5312 5318 5323 5329 5332
5220 5342 (122) 5313 5295 5281 5267 5252 5244
5379 5184 195 5230 5258 5282 5305 5328 5340
5136 5379 (243) 5322 5286 5258 5229 5200 5185
5499 5136 363 5222 5275 5318 5360 5403 5426
5171 5499 (328) 5422 5374 5335 5296 5258 5237
5630 5136 494 5253 5325 5383 5441 5500 5531

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