April 30, 2010

NIFTY WEEK CHART
  • NIFTY WEEK chart is trying to form a pennant formation. 
  • break of the upside line can give at least 550 points.
thank you
NIFTY DAILY CHART
  • NIFTY range 5200-5325.
  • break of 5200 can take it to 5090.
  • break of 5325 can take it to 5444.
  • Break on either side should be on a closing basis.

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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore