Technical Predictions for 30th Oct October 29, 2014 by Ashok - TopicsExpress



          

Technical Predictions for 30th Oct October 29, 2014 by Ashok Goel·0 Comment NIFTY(8090.45) Due to expiry the markets can be choppy today. Technically, markets are positive and sound. RSI is just touching 70 levels from below. Nifty is trading above all its moving averages. Stochastics are above 80 levels. Momentum is rising and above Zero at 208. OBV is riding , indicating fresh funds are flowing into the markets. Do not short sell. Continue your long positions with a Stop Loss of 7990 and a target of 8130. NTPC(146.25) NTPC today traded with moderate volumes. On Charts, it made a “Bullish Thursting” pattern. In this pattern, the first day is a long white day that occurs during an uptrend. The market gaps way up on the second day, opening well above the first day’s high. The market then declines on this second day, closing into the body of the first day, but not below the midpoint of the body of the first day. The second day should be viewed as a normal pause or break in the uptrend, and the uptrend should continue shortly. ntpc29oct. BUY with a Stop Loss of 143 and a target of 154. Read more a2analysts/
Posted on: Thu, 30 Oct 2014 16:52:23 +0000

Trending Topics



Recently Viewed Topics




© 2015