Wednesday, February 17, 2010

Nifty

Nifty has reached 38.2% retrachment level of fall from 5310-4675 and there is no negative divergence on hourly or daily scale so if 4950 (proved to be strong resistance earlier) is taken out we are headed for 5000-5050 levels.

2 comments:

  1. hi renuji,
    plz expalin abt bank nifty if u have intrested ?
    thx
    regards,
    alpesh

    ReplyDelete
  2. Hi alpesh,

    Sorry but i dont look at bank nifty.

    ReplyDelete