Stock Market Chart Analysis: Nifty's Stairs of bull market

September 21, 2010

The Trend line seems to be holding NF. TL may act as the base for the next up move.

CHART-II

I have added a trend line with the below chart. Break of this trend line can give a correction.

CHART - I

NF's path towards 6044 has been a steady climb.
Now to cross 6044 NF has to take another big step. If it crosses 6044 yet another up move is possible.

manuSeptember 21, 2010 at 12:33 PM
san ..cn u update unitech chart..something cooking
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SanSeptember 21, 2010 at 1:35 PM
@Manu
I have posted Unitech weekly chart recently: CLICK HERE
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manuSeptember 21, 2010 at 2:39 PM
san ..u think its going down..its support 1 is??
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gajjuSeptember 21, 2010 at 3:02 PM
san,

i shrt Acc @ 1014.can i hold it..one more thing..can we shrt nifty or long nifty..pls give me level pls
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SanSeptember 21, 2010 at 3:22 PM
@gaurav jain

1020 should be the stop loss for acc shrt.

for nifty futures try to go long with stop loss of 5958.

@Manu

Unitech if it does not cross the weekly resistance line it can go down till 80 at least.
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aktainwalaSeptember 21, 2010 at 3:57 PM
Excellent Chart >>>>>>>>
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