NIFTY FUTURE WEEKLY
We ended the 11th week of trading within the range of 4700 - 5200, with much awaited breakout still not happening. The positive feature for the week was that it managed to do a higher top (though marginal) and higher bottom for the second week in a row. The week, saw trading range of 149 points (High 5162 and Low 5013) and closed at 5054. Another important feature is that MACD has given a buy signal on the weekly chart, for the first time after many weeks.
As indicated in my yesterday's post, I was quite hopeful of a positive action for today, but the same did not materialise. However, I remian optimistic to see the upward breakout happening next week - may be in celebration of Diwali.
Have a nice weekend!
Ketan Asher.
Happy diwali
ReplyDeleteThamks & Wish u the same.
ReplyDeleteRegards,
Ketan Asher.