Wednesday, April 7, 2010

NIFTY 07.04.10


NIFTY DAILY CHART :

NIFTY IS FINDING IT DIFFICULT TO CROSS THE TRENDLINE WHICH IS DRAWN FROM OCT 2009 LOW TO PRESENT DAY , WHERE IT TOUCHED THE TRENDLINE THRICE(ARROW) BUT WAS NOT ABLE TO CROSS THE TRENDLINE

"DOJI": NIFTY HAS MADE DOJI CANDEL STICK PATTERN YESTERDAY WHICH IS GENERALLY CONSIDERED A TREND REVERSAL PATTERN

TARGET ACHIEVED: AS I HAD MENTIONED IN MY EARLIER POST NIFTY HAS ACHIEVED MY TARGET OF 5400 ( 5399.65)

NEXT RESISTANCE LIES AT 5425 ,5450

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