May 20, 2010

NIFTY DAILY CHART
  • NIFTY descending broadening wedge tomorrow's support area is around 4850-4865
  • The target for the triangle in 5 minutes which broke its support is also coming around 4850.
  • So tomorrow if nifty holds 4850 we may see a rally from this area.
  • Any thing below 4850 is very bearish for the short term.
thank you
  • NIFTY triangle has broken on the down side.
  • This one is targeting 4850 region.
  • was not able to post comments today for 2 reasons. Was sleeping after the night shift and was not able to see any comments when i got up. Sorry everyone.
  • Our target on the break of 4951 was achieved at 4980 only briefly But i think some of u must have made some profits.
thank you

UPDATED RESULT CHART FOR TODAYS TRADE
NIFTY UPDATED CHART


  • ABOVE 4951 ONE CAN GO LONG
  • BELOW 4931 ONE CAN GO SHORT

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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