Indian Capital Markets: Nifty analysis on whether to buy this rise

Tuesday, July 14, 2009

Nifty analysis on whether to buy this rise

It can be seen that one could have bought around the levels of 3970 but it is not advisable to do so since the short term trend is down 8 day Exponential moving Average below the 13 day exponential moving average

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Disclosures: At the time of writing the posts, the author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. The author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.

Disclaimer: Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody.

Indian Capital Markets

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Tuesday, July 14, 2009

Nifty analysis on whether to buy this rise

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