Sunday, 29 September 2013

Nifty Technical Analysis today



Nifty future October derivative traded negative taking weak cues from market. Open at 5846.00 touched high of 5854.85 and low of 5810.00 last traded at 5818.50 low 1.18%.

According to RSI Nifty future is trading weak RSI is 36.15 near oversold region, MACD is -3.03 and Signal is -2.06 give weak cues. Current price near Simple moving average of 5 days.

Nifty future Resisatance at 5845, 5875, 5896 and support level 5793, 5772, 5742. Open interest change 3.96%, Market Volatility high.



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