Sunday, November 22, 2009

weekly

Nifty in range in last week 4940-5080 .
DAILY CHART
In daily chart nifty trade in channel shown in chart.recovery from 4539 to 5080 is same V shape recovery as in july ,3918 to 4700.a fresh buying seen above 5080 that can push the nifty to new high, channel resitance came to 5376-5400. rsi ,macd in +ve direction.




WEEKLY CHART
In weekly chart resitance at 5182-5400,support at 4900-4539 but main in this chart is macd is coming down that indiactes that a big correction due in nifty.
HAVE A GOOD WEEK.

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