Nifty levels for 27.04.2012
Good evening friends,
Today nifty expiry ended unexpected than usual furious one. Expected Hourly will give bullish crossover and move higher suddenly drifted down and it is still in diverging till the end. As hourly is in already in bearish crossover with expanding mode and closed below 5DLEMA, means extremely bearish. Also diff b/w Daily MA are in diverging mode. Tomorrow I am expecting a probability of gap down/negative bias keeping in mind the above all conditions.
Coming to tomorrows levels (27.04.2012):
5DEMA 10DEMA 5DHEMA 5DLEMA
5218.15 5237.07 5253.08 5190.22
5DEMA-10DEMA bullish crossover: 5321
SAR for shorts: 5237.07
MACD zone: 5195.44. Close above 5195.44 may be reversal in trend to upside.
Good evening friends,
Today nifty expiry ended unexpected than usual furious one. Expected Hourly will give bullish crossover and move higher suddenly drifted down and it is still in diverging till the end. As hourly is in already in bearish crossover with expanding mode and closed below 5DLEMA, means extremely bearish. Also diff b/w Daily MA are in diverging mode. Tomorrow I am expecting a probability of gap down/negative bias keeping in mind the above all conditions.
Coming to tomorrows levels (27.04.2012):
5DEMA 10DEMA 5DHEMA 5DLEMA
5218.15 5237.07 5253.08 5190.22
5DEMA-10DEMA bullish crossover: 5321
SAR for shorts: 5237.07
MACD zone: 5195.44. Close above 5195.44 may be reversal in trend to upside.
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