IFCI DAILY CHART
- IFCI daily is in triangle
- breaking the down side line will be negative But will get support from the trendline.
- Look for buying opportunities above 54 if the break out happens with good volume.
thank you
May 10, 2010
IFCI triangle in daily chart
NIFTY technical analysis for 10th may 2010
NIFTY DAILY
- NIFTY has reversed 4980 region. And with global market support tomorrow it may trade above 5280 region.
- Closing above 5280 will be positive and if that happens we may see 5400 before settlement during this month.
thank you
RELIANCE NATURAL RESOURCES bearish engulfing
UPDATED CHART
- RELIANCE NAT. RESOURCES has formed a bearish engulfing.
- There is huge increase in volume.
- But the stock is very oversold and quite close to the support area of 65.
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