Friday, May 6, 2011

NIfty Outlook from Here.........

NIFTY SPOT WEEKLY CHART & UPDATE - LAXMAN REHKA 5210
WEEKLY CLOSE BELOW 5210 WILL WELCOME FREE FALL & HISTORY MAY REPEAT GAIN
ONE CAN ACCUMULATE LONGS NEAR 5300 +/- LEVELS
WITH STOP LOSS 5210 ON WEEKLY CLOSING
WEEKLY TREND LINE - 1 BROKEN @ 5540 BUT CLOSING REQUIRED
WEEKLY TREND LINE - 2 @ 5210
LAMAX REKHA & LAST HOPE FOR NIFTY
IF CLOSE BELOW HISTORY WILL BE REPEAT
TWO WEEKLY CLOSE BELOW 5210
WILL TGT 1 - 4880 / 4760 & TGT 2 - 3400 / 3500
WITH SUPPORT IN BTW AROUND 4400-4500
STOPLOSS WILL UPDATE LATER

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