Dow is getting support level and moving upword trend now. Presently it is running above 1%.On 23rd Nifty may turn from this level....
Friday, October 23, 2009
Thursday, October 22, 2009
Nifty FU Trendline view in Daily and Weekly graph
Reference to my earlier post this chart was shown when it was maintaining major trendline support since March'09. Today Nifty able to break this line successfully. Tomorrow is weakly closing day and find below weekly chart attached for your reference. As per my view correction will confirm on tomorrow only. If NF Fu able to close below today's low, it will be confirm for downtrend. If NF Fu able to trade and stay above 5021, it may bounce back... Weakly chart
In this weakly view Nifty still not break support line. If tomorrow NF Fu able to close below today's low it will be confirm for downtrend.
Wednesday, October 21, 2009
Tomorrow (22.10.09) is very important day for Positional traders. If NF Fu able to trade and close above 5100, it may move for 5300... If not, pending correction will start.Based on premarket call.... 2nd tgt achieved.. Profit +27 Points
NF FU 2nd tgt achieved at 5113... High made 5122.. Our last tgt is 5127. SL revised at 5085 for existing lots
