Nifty confirmed the double top formation by closing below5052, now it could target 4925-4935 level but nifty has a trendline support at 5000 (chart below).
Tuesday, December 15, 2009
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Technical Analysis of the Indian Stock Market
Dear Renu,
ReplyDeleteNifty got support perfectly on trend line at 5001 as you mentioned. You are on spot! Good work. What is the upper target range now. Where Could it find resistance now?