Thursday, May 19, 2011

NIFTY VIEW ... NEAR LAST SUPPORT...5400..5380 AREA..IT BREAKS THEN ..!!!


NIFTY VIEW: -   YESTERDAY NIFTY INTRADAY TOUCHED 5400...CLOSE 5420 LEVEL . 14 DAY RSI IS 36 NEAR OVERSOLD ZONE (30). WE SEE SOME BOUNCE BACK EXPECTED ONLY ABOVE 5472 LEVEL. OTHER WISE SELL ON RISE UP TO 5450-5460 WITH STOP OF 5475. DOWN SIDE TARGET IS 5378-5350-5310-5232-5177 LEVELS. 

SHORT CALL OF VIPIND AS PER CHART OF VIPIND WE SEE IS IN UP CHANNEL BUT LAST DAY ITS BREAK THAT TREND LINE ON DOWN SIDE, ONE CAN SELLON RISE UP TO 673 WITH STOP OF 685 FOR TARGATING 655, 645, 622 LEVELS. 
 
 

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