Saturday, May 15, 2010

NIFTY 14.05.10


NIFTY WEEKLY CHART:


DMA SUPPORT: NIFTY HAS TAKEN SUPPORT AT 40 DAY WEEKLY MOVING AVERAGE AT 5020 WHICH WILL BE A CRUCIAL LEVEL FOR NEXT WEEK


TRENDLINE: THE ABOVE TRENDLINE IS POSSIBLY THE LAST SUPPORT FOR NIFTY AT 4850 ,BREAKING WHICH WE COULD SEE LEVELS OF 4600 AND 4585

SUPPORT LEVELS FOR NEXT WEEK : 5020( IMP), 4980( 200 DMA) AND 4955

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