similar chart nifty moving in a downtrend channel after breaking the earlier support trendline.
3980 is a good lvl for a bounce since tgt of rising wedge is completed and also nifty low touched lower line of the falling trend channel. if by chance a bounce occurs will be again possibly resisted by the area shown in range 4174-4254.
it is to be noted that such falling trendchannel is already broken on the downside on the sensex eod chart but sensex just managed to close above 13479 lvl(refer earlier post on sensex hnss chart).
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Monday, July 13, 2009
nifty chart 13th july 2009...
Posted by
abhay r somkuwar
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7:51 AM
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