Published September 13, 2018
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Our analysis is based on various parameters and technical analysis indicators like price trend, support-resistance level, price formations and momentum and volume indicators. We focus more on the medium term chart that is between 3 weeks and 3 months and include views on the short and long term charts from time to time. Our goal is to empower our investors with the knowledge of what are they doing and not blindly follow market comments.
Nifty 50 index is in a rising trend channel both in the medium and long term charts. This implies that investors have strong faith in Nifty 50’s future prospects and suggests further rise in the index.
Index made its all-time-high of 11739 at the end of August and corrected slightly form its top. Hence a resistance is created. If index manages to cross that level, it can trigger new buying opportunities and go higher. On the downside there is support around 11100 levels. The index is assessed as technically positive for the medium to long term.
Investtech's analyses are based on advanced mathematical algorithms which identify important elements within behavioural finance. This ensures that the analyses are objective and consistent for further use. In addition, the analyses are arranged in a simple and comprehensible manner, enabling them to be quickly and easily utilised. The algorithms and the quantitative results provide many unique possibilities for sorting a broad selection of shares, indices, raw materials and currency based on various criteria, thereby simplifying improving your daily tasks.
The analyses are based on closing price as per September 12, 2018.
Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.
Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.