August 18, 2011

NIFTY possible setup for a reversal

  • Nifty is approaching apex of a pattern in daily time frame.
  • According to this pattern price should find support near 4880 - 4900 levels.
  • Price not breaching 4900 will be good for bulls for a reversal.
  • Price trading below 4880 - 4900 levels would weaken the possibility of a reversal.
  • RCOM NEAR CHANNEL BOTTOM
By at

2 comments:

  1. gaurangAugust 19, 2011 at 12:23 AM

    This comment has been removed by the author.

    ReplyDelete
  2. gaurangAugust 19, 2011 at 12:24 AM

    tomorrow nifty will open near by 4850-4865 levels so bears would be actually in command but you are right nifty can reverse from these levels but given international mkt scenario it may also go down at 4770 levels in coming days.

    ReplyDelete

Subscribe to: Post Comments (Atom)