Advertisement

CNX FINANCE INDEX Trading Tips - Index moving in a Up Channel Formation, Further buying expecting once closes above 6440 - as per technical analysis point of view. (Updated On 22nd July 2014, Tuesday).


NSE - CNX FINANCE INDEX




  • CNX FINANCE INDEX moving in a up channel formation in daily chart, which indicates once come out from it formation then sharp move is expecting.
  • Daily chart also indicates Index is moving up from 50 days moving average , as long as hold above Finance index will favor bulls.
  • Daily chart indicates once stock closes above 100%  fibonacci retracement (around 6440) and stays above then further up move is expecting, If move up then index will find next resistance around 6650 (161.8%  fibonacci retracement).
    • Intraday close watch once index starts trading above 6440, if stays above then intraday bull action is expecting in Finance Index.
  • Suggested article to read from our collection - Golden trading rules in stock market.





Posted by
Labels: , , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Advertisement

What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.