June 21, 2010

Nifty daily line chart

  • The above chart shows nifty daily line chart.
  • It shows an upside break out from a wedge pattern.
  • So today's closing price is very important.
  • Bulls would need a close outside the pattern on the upside. While the bears may try to pull it back ito the pattern.
By at

2 comments:

  1. GANESH PLJune 21, 2010 at 12:53 PM

    Hi San,

    As per line chart, what level to watch for nifty closing basis for long positions..
    Thanks..

    ReplyDelete
  2. SanJune 21, 2010 at 3:15 PM

    @Ganesh
    It seems it will close above 5350 markets seems to be very strong. Unless something happens to us and euro nifty should not come down below 5300 for the short term

    ReplyDelete

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