NIFTY 5 DAY 5 MIN:
WEAK FINISH : I HAVE DRAWN TREND LINE (IN BLUE) FROM 24.11.09 TO YESTERDAYS CHART (25.11.09) AND WHICH I HAVE EXTENDED IT IN TODAY'S CHART
IT FACED RESISTANCE AT 5108(MARKED WITH THUMBS DOWN)
I HAVE ALSO DRAWN 2 TREND LINES CONNECTING FROM YESTERDAYS CHART WHICH I HAVE EXTENDED IT IN TODAY'S CHART , WHICH CLEARLY SHOWS THE VARIOUS POINTS AT WHICH IT TOOK SUPPORT AND FACED RESISTANCE (MARKED WITH DIAMONDS)
ONCE THIS LOWER TREND LINE WAS BROKEN AT 5055 NF CLOSED AT 5005
NEXT SUPPORT IS AT 4965,4950 , 4935(VERY IMP) AND 4900
Crude Oil March and Brent Oil April series are up 0.2 percent each at $ 53.44 and $ 56 a barrel, respectively.
ReplyDeleteMCX Crude Oil tips