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Nifty analysis dtd. 28.6

Discussion in 'Technical Analysis' started by sarita_karnani, Jun 28, 2016.

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  1. sarita_karnani

    sarita_karnani New Member

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    Sir
    As you can see Nifty after making a low of 7927 it went up sharply to test the lower trendline at 8090 and closed exactly there.
    Today it has broke that trendline also
    Along with it immediate resistance is also brken, so we can see at least 200 points up movement as per my analysis
    But only negative point prevailing is that ADX showing -ve Dm is above+ve DM
    So kindly suggest whether we should go for buying or not
    Also nifty has taken resistance at 50 EMA
    Kindly advice
     
  2. shabbir

    shabbir Administrator Staff Member

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    Can you please attach a chart of what you are seeing so I can analyze the same with the trend lines.