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bulish and macd showing positive cross over ..chikou is clear
NIFTY PRESENTLY IS TRADING AT ALL TIME SUPPORT LEVELS AND BUYING IS SEEN AT LOWER LEVELS SO WE EXPECT CLOSING AROUND 11780 IF BREAKS 11700 THEN 11660 / 11603 ON CHARTS ..
THE ANALYSIS IS BASED ON BREAK OF DAILY TIME FRAME TREND LINE AND ALSO THE CHIKOU IS NOW NOT HAVING ANY SUPPORT AT LOWER LEVELS. CONSIDERING THE OVERALL MARKET TREND THE STOCK IS GIVING BEARISH SIGNALS