/
Feb
25
TECHNICAL ANALYSIS BY NSFX 25.02.2014
By:admin
High: Low:
The index has sustained above the 50-day SMA, but has not yet managed a close above the key resistance level at 1851.5, though testing higher yesterday, touching 1859.5. Should we close above the 1850-area, then there is scope for a move towards 1870 and then 1885 using fibo projections in the recent wave in 2014. Downside, the 50-day SMA should be observed ahead of the 100-day SMA and trend support projected from June 2013.
R3 | |
R2 | |
R1 |
S1 | |
S2 | |
S3 |