Saturday, July 25, 2009

weekly report



This week nifty give a good gain & give a clear breakout in daily & weekly chart T- 4700-5000 level

is possible.
DAILY CHART
In daily chart nifty break the 4450-4510 range close above 4550. trend is up next hurdle is 4700.RSI is up & going to the over bought zone .MACD is turned to +ve zone.
so next target is 4700-4900.
WEEKLY CHART
In weekly chart nifty give good breakout RSI is bullish & MACD is also in +ve zone that give a sing to up move T- 4700 -5000 .
MONTHLY CHART
In monthly chart are going to bullish last one month .RSI is Strong up move & MACD is +ve last three week.
OVER ALL
Buying at current level with T- 4700-5000 with SL- 4333.
HAVE A GOOD WEEK.

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