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Monday, 16 June 2014

India Nifty Index: 16 June 2014, Monday, 3.40am Singapore Time

India Nifty Index: 16 June 2014, Monday, 3.40am Singapore Time
Chart courtesy of Chartnexus.com

Technical Analysis of India Nifty Index is as per illustrated in Daily Chart above.

Final phase move is in progress as above (Blue dotted rectangular region in chart)
Massive pump and dump.
Blocking volumes
Sell off is being done after the current road blocks.
Double Blue Support Lines at 4888-5130 points will break down after this topping-out process completes.
First target will be to break down 7118 points and  6652 points respectively.

Donovan Norfolk Technical Rating:
India VIX Bullish BSE Sensex Bearish & CNX/SGX NIFTY Index Bearish
(Sell on Rebounds)

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