Saturday, April 17, 2010

NIFTY 16.04.10


NIFTY DAILY CHART:

BREAK DOWN: NIFTY HAS BROKEN SOME CRUCIAL SUPPORTS OF 5300 AND 5275

NIFTY MADE A LOW OF 5237 WHICH IS CRUCIAL LEVEL (PINK LINE)

NIFTY HAS BROKEN THE LOWER TRENDLINE (GREEN LINE) BUT CLOSED AT 5262 WHICH IS ON THE TRENDLINE .

GOLDMAN SACHS: WITH RECENT NEWS OF GOLDMAN SACHS BEING CHARGED WITH FRAUD BY SEC IS NOT A GOOD NEWS FOR INDIAN MARKETS EITHER , WE MIGHT OPEN GAP DOWN WITH 5236 AND 5200 MIGHT BE BREACHED

NEXT SUPPORT : 5200 AND 5185(V .IMP)

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