Wednesday, May 11, 2011

NIFTY VIEW : CRUCIAL AREA.... 5510 to 5610...

NIFTY IS IN CRUCIAL SUPPORT NEAR 5510 AND RESISTANCE OF 5610.. EITHER SIDE BREAK WILL TAKE... 200+ POINT CORRECTION..ON DAILY CHART NIFTY HAS MADE BEARISH FLAG PATTERN BELOW 5512-5510 WOULD TAKE TO 5470..5430..5370...SO PLEASE BE CAUTIOUS IN ANY LONG POSITION...SOME OF THE TECHNICAL INDICATORS MACD..ADX ARE IN NEGATIVE REGION..ALS0 SUGGEST BEARISH MOOD..!! 


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