- Numbers to lookout for next week are 1121 and 1208
- An early clue may be given by the triangle pattern. Being a triangle one may see whipsaw before the big move happens.
- Once price crosses 1208 It may target 1250 - 1258 level.
- If it is below it 1121 then we will see 1101 and if it sustains below 1101 another big move in favor of bears can be seen.
- GOLD MOVING UP AGAIN
- MSFT BUY SIGNAL
August 28, 2011
- Bank Nifty Weekly stochastic shows that the selling may finish by next week.
- We have a support zone around 8806 level. But after that the Fib level and the next supports are way below near 8300 and 8150 levels.
- So price should stop falling near 8800 levels. If it goes below this level then the pain for bulls might continue.
- Look for daily reversal candles. We shall see some strength only above 9200.
- NIFTY WEEKEND UPDATE
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