Nifty Weekly Wrap : 23-11-12

This week NIFTY traded within narrow range between 5548 - 5643 before closing at 5626. There are some important observation which may drive us to fix our trading strategy next week are given below

NIFTY has taken support at lower boundary of trading channel (marked by blue line)

• Volume is slightly improved than previous week although trading range was narrower.
• Sell Cross is visible in MACD.
• RSI is turning up while Stochastic has cooled off a bit although trading in overbought territory.

Based on the observation stated above, it can be concluded that NIFTY may remain positive in coming week and it should be bought with tight SL. 5710-5730 will be the zone of tussle between bulls and bears.

For those who are apprehensive of our service, 
a value offer you cannot ignore...

1. Monthly subscription charges 3995/-
2. Register with us by paying just 495/- (Rs. Four hundred ninety five only)
3. Earn a minimum of 4000/-
4. And pay us the remaining subscription amount of 3500/- (Rs. Three thousand five hundred only) and continue with us for the full month.

For more details do send us a mail at niftypulse_famous4@yahoo.com