NIFTY 25.06.10

NIFTY DAILY CHART :

NIFTY ON  24th JUNE HAD MADE  PERFECT  DOJI WITH  HIGH VOLUMES WHICH CAN ATTRIBUTED TO F & O EXPIRY 

DOJI PATTERN INDICATES A TREND REVERSAL 


10EMA: NIFTY TODAY MADE A LOW OF 5259.90 WHERE IT TOOK SUPPORT AT 10 EMA AND CLOSED AT 5269

NIFTY 21.06.10

NIFTY DAILY CHART :

BREAKOUT: NIFTY HAS GIVEN CONVINCING BREAKOUT FROM THE UPPER  TRENDLINE  AND CLOSED AT 5353 

VOLUME WAS LOW COMPARED TO PREVIOUS DAYS ( ARROW)


THE NEXT RESISTANCE FOR NIFTY 5370 AND 5395

NIFTY 18.06.10 (B)

NIFTY DAILY CHART: (CHART 2)


THE EXTENDED  TRENDLINE SHOWN ABOVE INDICATES THAT NIFTY HAS STRONG RESISTANCE AT 5310

THUS IF NIFTY IS ABLE TO CROSS THIS LEVEL THEN 5350 WOULD BE NEXT TARGET

NIFTY 18.06.10

NIFTY WEEKEND EDITION:(CHART 1)


LONGTERM TREND LINE:  THE TRENDLINE  STRETCHES FROM 6357 (i.e ALL TIME OF NIFTY) AND PASSING THROUGH 5400 (i.e 52 WEEK HIGH) AND TO CURRENT LEVELS ( 5300)


CLOSE UP OF ABOVE CHART IS GIVEN THE NEXT POST TO UNDERSTAND THE IMPORTANCE OF THE ABOVE CHART