January 27, 2011

Nifty Daily Analysis

  • First chart shows a target of 5550 Only if the recent lows are taken out.
  • If 5750 is taken out first we may not see new lows in the short term. A firm close above 5750 will target 5863 and higher.
  • Tuesday was a bearish engulfing day. We have to see if it shows its effects today. Normally this candlestick pattern is effective at the top of the trend.
  • GOLD NEAR SUPPORT LEVEL

No comments:

Post a Comment