BharatJhunjhunwala

. A sustenance above 12290 may push up the prices to .....

NSE:NIFTY   Nifty 50 Index
The index pulled back in a great way after the Middle East tensions. The prices halted at the previous highs. The momentum ( RSI ) is into a sideways zone and still diverging with the price. A sustenance above 12290 may push up the prices to 12360 – 12500 levels, however any failure to sustain above the levels may push nifty to 11930 where it may find support. The MACD is above zero line ( bullish ) while RSI has slided between 60-40.
Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
http://www.prorsi.com

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