Mumbai

Sunday, November 29, 2009

BACK TO THE FUTURE


Nifty traveled in broader range of 4800-5100 on expected line as per previous post. Higher levels were not sustained and nifty fell to reach 4800 in doing so negated bullish candle trigger, Nifty momentum has lost strength this time around hence was not able to cross previous HH to maintain uptrend.
Nifty Milestones: 4740<4862<<4950>>5038>5113

The above price points are on the basis of weekly close, price can move both side post opening watch price movement and trade accordingly with prudent risk management

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