Tuesday, May 26, 2009

nifty weekly 25-28 technical review


here nifty chart on eod basis
3 days decline with low voltilty forming bullish flag pettern
expected price to go upside but not too much up to up arrow then down arow will be in card
in nutshell short time frame markt will be on sideways movement
entry and exit for small point loooks good and safe game play
S&P CNX NIFTY (Index) *RC Wave* stoplls:4,172 Buy above :4,293.96weekly up target>4,491>>
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S&P CNX NIFTY (Index) *RC Wave* stoplls :4,294 Short bellow :4,172.34lower target WLT1>3,975>>