April 30, 2010

NIFTY week has pennant pattern formation

NIFTY WEEK CHART
  • NIFTY WEEK chart is trying to form a pennant formation. 
  • break of the upside line can give at least 550 points.
thank you

NIFTY range with short term targets in line chart

NIFTY DAILY CHART
  • NIFTY range 5200-5325.
  • break of 5200 can take it to 5090.
  • break of 5325 can take it to 5444.
  • Break on either side should be on a closing basis.