June 1, 2010

NIFTY TECHNICAL ANALYSIS FOR 31-5-2010

NIFTY HOUR FIBO LOVELS
  • NIFTY DAILY CHART CHANNEL IS LIKELY TO BE VIOLATED. 
  • BUT REMEMBER IT TOOK 2 ATTEMPTS IN THE HOURLY CHART FOR NIFTY TO GET OUT OF THE DOWN TRENDING CHANNEL.
  • NIFTY HOUR CHART SUGGESTS A TARGET OF 5120 AS THE NEXT FIBO LEVEL SO THAT WILL BE THE FIRST TARGET FOR TODAY. IF IT SUSTAINS ABOVE 5080.
THANK YOU

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