Friday, February 15, 2013
Nifty Pre-Market View.
Nifty moved below DLEma by 20 points once again after the 20 point move above DHEma.
During the next attempt to move higher, it is likely to face the assertion of weekly trend.
A day ahead of the last day of the week, Nifty weakened just below the Wk.Pivot-5942 (same as Day pivot).
For the day, staying below 21 & 34 Hr sma, weakness would persist.
And staying above LEmas, mild strength would be seen.
During the next attempt to move higher, it is likely to face the assertion of weekly trend.
A day ahead of the last day of the week, Nifty weakened just below the Wk.Pivot-5942 (same as Day pivot).
For the day, staying below 21 & 34 Hr sma, weakness would persist.
And staying above LEmas, mild strength would be seen.
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