Saturday, February 27, 2010

NIFTY 26.02.10


NIFTY DAILY CHART :

BUDGET VOLATILITY: NIFTY WENT PAST 4923 AND 4950 WHICH WERE STRONG RESISTANCE LEVELS ,ON ACCOUNT OF GOOD BUDGET ANNOUNCEMENT .

50% RETRACEMENT: BUT BY AFTERNOON NIFTY STARTED TO GIVE UP ALL THE GAINS AND CLOSED AT 4922.30 WHICH IS 50% OF THE ENTIRE RALLY FROM 4538 TO 5310( BLUE ARROW)

RESISTANCE: NIFTY WILL FACE RESISTANCE AT 5000, 5015

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