November 5, 2010

Nifty daily chart analysis.

  • Yesterday's nifty chart shows the largest volume day in recent months and it was a bullish day ending near the high of the day.
  • 2nd chart shows the price advancing towards the top of the broadening pattern.
  • Closing above 6284 nifty should cross 6400 next week. Sometime during next week nifty may find resistance near the top of the broadening pattern.
  • RELIANCE INDUSTRIES ENTERS THE RESISTANCE ZONE
By at

4 comments:

  1. mo hNovember 5, 2010 at 6:39 PM

    hi anup san,
    Wish you and family a Happy Diwali and Prosperous New Year
    mok

    ReplyDelete
  2. SanNovember 5, 2010 at 6:49 PM

    Thanks MOK

    ReplyDelete
  3. BALANovember 5, 2010 at 8:15 PM

    SAN

    Belated Deepavali greetings for you and your family. How you have gone to Tnagar and come out. Any shopping done

    Your charting and analysis are superb.Keep it up

    ReplyDelete
  4. SanNovember 5, 2010 at 11:02 PM

    Thanks BALA

    Shopping was not completed properly because of the large crowd.

    ReplyDelete

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