Tuesday, February 7, 2012

Nifty Demand and Supply Analysis for 8th Feb


Nifty Demand(Support) and Supply(Resistance) analysis:-

  • Nifty is having strong demand at 5326 to 5316 Zone, We have bought at this zone with Stoploss of 5293.
  • Nifty is having Strong Supply at 5400 level…. but as this is uptrending market shorts should be done only with tight stoploss. If this is broken then more upside is possible.
  • Nifty Closed below its DHEMA 5340 … so in strong uptrending market buying can be safe below DHEMA … risk reward ratio is very good in favor of buyers.
  • Nifty is also My AMF  value 5319 so can be good buy provided supported by US and EU.

Check Chart below….which shows DEMAND and SUPPLY ZONES

NIFTY_Demand_and_Supply_Zone


For Further Reading,
Demand and Supply, Nifty Positional Update, Nifty Technical Analysis

0 comments:

Post a Comment

Your Comments and Few words helps me in DOING BETTER WORK.

Thanks

 

Popular Posts

Latest From TraderAdda

McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams

Man Behind TraderAdda

, a Graduate in Science is a part time blogger and Full Time Professional Trader from India.

At TraderAdda he writes about Trading Systems, Amibroker Indicators and AFLs, Trading Ebooks, Trading Resources, Nifty Intraday Levels, Nifty Positional View, and many more other Trading Resources.

His area of interest are Technical Analysis, Developing Trading Strategies, Blogging, Gadgets and Reading.

Hope you will find TraderAdda useful. Your comments/Suggestions/Feedback
is important for us.

Join me for Regular Updates on Twitter

Total Pageviews

Protected Site- Do not Copy