weekly report for 21-9-09

This week nifty sustain above the major resistance level 4750 & close at 4976.Nifty heading for 5096 -5150.

DAILY CHART

in daily chart nifty give a breakout at 4750

initial Target for nifty s 5096-5150.RSI at 71 in over bought zone MACD is +ve .

So daily trend is hold long position .

WEEKLY CHART

In weekly chart a long green candle is made in nifty above breakout .RSI trying to go in over bought zone ,MACD again flat to +ve.Hold long with sl 4750 .

MONTHLY CHART

In monthly chart strong day by day +ve divergence shown in MACD .RSI show strength.

OVER ALL

HOLD LONG .

HAVE A GOOD WEEK.