September 21, 2010

Nifty's Stairs of bull market


  • The Trend line seems to be holding NF. TL may act as the base for the next up move.
CHART-II
  • I have added a trend line with the below chart. Break of this trend line can give a correction.
CHART - I
  • NF's path towards 6044 has been a steady climb.
  • Now to cross 6044 NF has to take another big step. If it crosses 6044 yet another up move is possible.

6 comments:

  1. san ..cn u update unitech chart..something cooking

    ReplyDelete
  2. @Manu
    I have posted Unitech weekly chart recently: CLICK HERE

    ReplyDelete
  3. san ..u think its going down..its support 1 is??

    ReplyDelete
  4. san,

    i shrt Acc @ 1014.can i hold it..one more thing..can we shrt nifty or long nifty..pls give me level pls

    ReplyDelete
  5. @gaurav jain

    1020 should be the stop loss for acc shrt.

    for nifty futures try to go long with stop loss of 5958.

    @Manu

    Unitech if it does not cross the weekly resistance line it can go down till 80 at least.

    ReplyDelete