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Nifty Technical Analysis Outlook for 03 June’ 13

Nifty Daily Chart - 5985.95 (-138.10)

Nifty Daily Chart – 5985.95 (-138.10)

Nifty Weekly Chart - 5985.95 (+2.40_

Nifty Weekly Chart – 5985.95 (+2.40)

Market moving in Round Ladder…

Technically speaking, there is no significant movement in Nifty, if we compare week on week basis performance, because in prior week Nifty closed at 5983.55 after making a high of 6229.45, and in the last week Nifty closed at 5985.95, with small gains of 2.40. So, week’s journey ends at a same place where it begin from, like a round ladder, wherein you just keep on moving, without knowing where you begin and where you end.

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