Monday, May 30, 2011

NIFTY NEAR WEEKLY TREND SUPPORT...



NIFTY VIEW :
AS WE SEE IN LAST WEEK UP TO WEDNESDAY MARKET FALLING DOWN UP TO 5328 AND THEN AFTER  IS TURN ITS TREND ON UP SIDE AND WEEK’S END @ 5476 WITH LOSS OF ONLY 0.2%.  MADE A “BULLISH HAMMER” ON WEEKLY CHARTS. AS PER  WEEKLY CHART WE SEE IS IN TRIANGLE PATTERN AS PER MID TERM. LAST WEEK NIFTY HAS BROKEN LONG TERM TREND LINE ON DOWN SIDE AND GIVE A WEEKLY CLOSE BELOW THAT TREND LINE, LETS WHETHER NIFTY HAS GIVEN FALSE MANIPULATED UP TREND REVERSAL OR ITS CONFIRM...SUPPORT 5380 KEY LEVEL CLOSE BELOW THEN WHAT !!







 
YESBANK :-AS PER   WEEKLY  CHART WE SEE ITS BREAK LONG TERM TREND LINE ON DOWN SIDE, ONE CAN GO LONG FOR SHORT TERM UP TO 303-305 LEVELS. OR GO SHORT ON RISE UP TO 300-305 WITH STOP OF 308 FOR TARGATING 270-253-233. AS PER  DAILY CHART WE SEE ITS COME BANK IN ITS TRIANGLE PATTERN, ONE CAN GO LONG WITH STOP OF 292 FOR TARGATING 305-320, 305 IS IMPORTANT LEVEL AS PER WEEKLY CHART. SO TRADE ACORDINGLY.
WEELY CHART
 DAILY CHART



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