June 1, 2014

Some index charts

Very recently I came across this site chartink.com - a good site for EOD charts... for lack of anything to do on a rather lame weekend, I thought I will go thru their charts and post some views.

NIFTY charts... expect start of correction below 7100

NIFTY JR charts... good support at 15400... below this, start expecting correction in NIFTY JR stocks.

CNX INFRA charts... good support at 3100...  below this, start expecting correction in INFRA stocks.

The CNX IT remains in a downtrend with lower swing highs being formed.

The CNX Small Cap index is showing signs of weakness and will start correcting below 4700

The CNX Midcap has seen one sell off... this will get worse below 10000.

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