Monday, January 9, 2012

Lackluster trading in Nifty: range is still 4690-4769

NF Daily chart
If resisted below 4780 and trades below 4755, weakness could drag it below 4705 towards 4675 or even 4635. DHEMA for today is 4769 and NS has to break it decisively to go more upside.DLEMA for today is 4690 below that is weakness.

Sometimes in these choppy and sluggish sessions it is advised to trade in Hourly basis moving averages(HEMA) but keep a Stop Loss on the basis of Daily moving averages(DEMA).







TT Data has been updated.

Before Trading please see the Golden Rules and TT Data

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