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Nifty made a higher high higher low and broke the range of last few days but could not close above it's high of 5147. The trend is still up and longs need to keep a stop loss of 5092.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
2 comments:
MADAM I CAN SEE NIFTY IS IN OVER BOUGHT SITUATION. PROFIT BOOKING IS SEEN IN SOME BLUE CHIPS FOR THE PAST 4 CONSECUTIVE SESSIONS AND UR CHART TELLS NIFTY HAS TOUCHED 0% BY 5150 I FEEL NIFTY 5092 IS VERY WEAK SUPPORT. IF NIFTY DOESN'T GIVE UPWARD BREAKOUT THEN IT WILL SLIDE DOWN. mahesh19_9@yahoo.co.in
mahesh i have shown retracement levels from yesterday's high.nifty has not "touched zero %". yes if breaks 5092 we can see 5050-5000
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