April 28, 2010

Nifty technical analysis for 27th april 2010

  • NIFTY showed weekness after 5 days of closing in the green
  • NIFTY has formed a triangle like formation in day chart. And it looks like it will break down towards lower levels
  • momentum indicator has been showing weakness for the last two days.
  • NIFTY may get support at 5200-5240 region.