we are witnessing a rangebound but sharp intraday movement of nifty.
on daily charts yesterday the 5492-5525 gap was filled. i expect the eod short term sideways-down movement to continue until this friday, after which it might begin to rise.
again repeating, nifty has to close and stay above the 5562-5600 zone to move upwards.
the medium term pullback/buoyancy in nifty iam expecting to remain upto the second week of april 2011, toward the earlier mentioned tgt lvls and at the most the upper trendline channel resistance.
on daily charts yesterday the 5492-5525 gap was filled. i expect the eod short term sideways-down movement to continue until this friday, after which it might begin to rise.
again repeating, nifty has to close and stay above the 5562-5600 zone to move upwards.
the medium term pullback/buoyancy in nifty iam expecting to remain upto the second week of april 2011, toward the earlier mentioned tgt lvls and at the most the upper trendline channel resistance.
3 comments:
Happy holi to u and ur family :)
by the way "prince" back to VFM when u???
really? thanks and wishing belated holi to u, well but i don't see myself joining discussions for a long long time
yeah.. really. he started posting in his blog too
http://theindianmarketblog.blogspot.com/
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