market still on overbought

still weekly indicators in overbought.............

nifty view 08/10/2010

after a long time overbought indicator move out of above 70% zone.but still market in near overbought zone (caution).but macd now in -ve thats a good sing.still to watchout up coming 7or10 days.maybe we can say that bull rally now over for the short term period.


ALL THE VIEW & ADVICE BY DARSHAN SHAH
DISCLAIMER REFER TO WWW.swinganalisys.blogspot.com

nifty30092010

nifty imp support trend
5day 5951 up
10day 5829 up
20day 5472 up

view on nifty 18092010

still real support @ 5349nifty.
5days support @ 5639
10days support @ 5474

STRONG BREAKOUT (CLICK ON CHART FOR FULL SCREEN)

nifty overbought

nifty weekly n daily charts rsi is above 70% which is overbought,book your half profit or remain long with 5days low support of5480 or 10days n 20days lowest support of 5349.

who support mkt 2 rise....

only 10stock which help mkt to rise from (4000 nifty to 5600...) which includes bhel,hdfc,hdfc bank,icici bank,infosys,lt,ongc,sbin,tatamotor,tcs other r supporting like herohonda,hindalco,itc,jindal steel,m&m,maruti,ster,ril,tatasteel,tatapower,wipro..........

nifty phase 3 to watchout till oct/16/2010

nifty view (risky trader can sellwith sl of -38.2% retracement)

view on nifty