Half Hourly Chart
Prediction of Nifty upward breakout was validated as theNifty continued
the uptrend. Resistance came around 5760-5777, the 76.8% retracement
level and closed at the level. A cross of 5815 should see the Nifty
targetting 5944-5950 as marked on the Fibonacci chart.
Half hourly charts show support at the uptrending channel at 5724-5748 and breakout area of 5725.
Taking things one step at a time we will think of the bearish possibility once the bearish bias sets in.Now it is bull time.
Write to vipreetsafetrading@gmail.com to subscribe to my Daily Newsletter
follow me on twitter http://twitter.com/#!/lucksr Happy Trading !! Lakshmi Ramachandran www.vipreetsafetrading.com
No comments:
Post a Comment