AUTOMATED TRADING

AUTOMATED TRADING

13 May 2013

NIFTY UPDATE FOR 14 MAY


Why do you people trade with your expectation when technical analysis is wonderful tools to predict the possible trend. You can also be a good trader. Nifty Eyes Multi Level Money Making Club is ready to make you smart trader cum analyst. Choice is yours.  As I have given alert yesterday about this reversal in price pattern. Nifty fell highest in 2013. Only two stocks  NTPC and Power Grid close with marginal positive otherwise all stocks in nifty 50 group closed with negative bias. The mood is completely bearish now. Nifty retraced 23.6% in a single days of its previous up move. Now next support is around 5928 and after that 5871. Below 5871 direct fall up to 5400. 5830-5840 is immediate resistance for nifty.

click on chart for its larger view.

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