Tuesday, April 16, 2013

NIFTY VIEW WITH TRIANGLE PATTER.


AS PER THIS CHART WE SEE IS I TRIANGLE PATTERN AND ITS TRADE BELOW SUPPORT LINE OF PATTERN, ITS TRY TO TOUCH THAT LEVEL BUT ITS FAIL TODAY AND CLOSE JUST BELOW THAT AS PER TODAY'S MOVE, TODAY MOVE IS 1ST GOOD UP MOVE IN YEAR 2013. AFTER A LONG DOWN TREND. SO IF TOMORROW ITS CROSS THAT 5725- TO 5740 BAND THEN WE SEE UP MOVE MAY EXTEND UP TO 5840-5850 ZONE.  AND MEAN TIME RESISTANCE TREND LINE IS ALSO COME AT THAT LEVEL.SO ITS DIFFICULT TO CROSS 5850 LEVEL IN A SINGLE ATTEMPT.

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