All eyes glued to so many so called wedges on nifty for a posibble breakdown, which eluded so far with immediate recovery from intraday lows. Any break and close below 50ma hrly i.e 4950 will make nifty drift towards 4870-4760. upside is capped untill point (a) reversal candle top is taken out and sustained on closing i.e 5048 for upward move towards 5166-5326. milestones 4760<4870<<4950>>5166>5326
Saturday, September 26, 2009
NIFTY ZONE
All eyes glued to so many so called wedges on nifty for a posibble breakdown, which eluded so far with immediate recovery from intraday lows. Any break and close below 50ma hrly i.e 4950 will make nifty drift towards 4870-4760. upside is capped untill point (a) reversal candle top is taken out and sustained on closing i.e 5048 for upward move towards 5166-5326. milestones 4760<4870<<4950>>5166>5326
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