Monday 16 September 2013

Technical view by Nooresh

Technical view by Nooresh

Axis Bank – 1150 a critical resistance.

Posted: 16 Sep 2013 01:00 PM PDT

    -> A nice doji formation today indicating momentum reducing. -> 1150 a previous top and bottom resistance. -> Risky traders can short on rise with stops of 1150. Dips to 950-850 is possible.   Do your own risk management if taking a trading stance. Avoid over leverage Axis Bank – 1150 a critical […]

Axis Bank – 1150 a critical resistance. is a post from: Technical view by Nooresh

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We are in a Bear Market with a Bullish Index

Posted: 16 Sep 2013 12:00 AM PDT

  Nifty Technical View – The Rise is a Blessing in Disguise   -> Our initial expectation was markets to find a lot of resistance at 5650-5750 considering the lower trendline breakdown levels as well as a new low being made. -> The index has surprised by going all the way to overbought RSI zones […]

We are in a Bear Market with a Bullish Index is a post from: Technical view by Nooresh

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