September 9, 2010

Nifty daily chart analysis

  • The breakout in nifty's weekly line chart is still intact.
  • Only if nifty comes below 5530 the breakout will be in trouble.
  • As long as nifty maintains above 5530 - 5550 Bulls does not have any problems.
  • Yesterday's price action shows indecision. As if market is waiting for something to happen. We can expect good movement in either direction in one or two day's.
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3 comments:

  1. rochak parekhSeptember 10, 2010 at 2:01 PM

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  2. rochak parekhSeptember 12, 2010 at 8:37 AM

    This comment has been removed by the author.

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