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Thursday, August 21, 2008

Nifty 3 year Charts and 50 day Stock RSI

Nifty CMP : 4283
 
Check out the earlier signals from Stock RSI which is currently at
oversold levels - 85.2. Stoch RSI showing a clear Earlier signals Before every Meltdown in Nifty. Investors are requested to remain cautious as we break the major future support levels 4378 and 4311. Every Rise could be used as a oppurtunity to sell. Traders can concentrate on September Nifty Shorts as the expiry is nearing.
 
Supports : 4250 and 4162 few bouce backs can be expected at these level and Nifty Upside limited to a maximum upside of 4508 before a breakdown journey
 

 
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