11MAY2012 NIFTY FUT

NIFTY FUT MONTLY CHART INDICATES THAT THE TRAINGLE FORMATION IN STILL INTACT.

 

 NIFTY FUT WEEKLY CHART INDICATES THAT THE CHANNEL HAS SCOOP FOR DOWN MOVE BUT IS RESTING ON THE CRUCAIL 200 MOVING AVERAGE.

 NIFTY FUT DAILY CHART INDICATES THAT IT IS AT THE LOWER END OF THE CHANNEL WHERE IT MAY TAKE SUPPORT  BUT BREAKDOWN CAN BE THAT BEARS CAN TAKE THE NIFTY TO 4620-4470 WHICH IS A REMOTE POSSIBLILITY BUT GLOBAL FACTORS FAVOURING THE BEARS CANNOT BE RULLED OUT...

300412 nifty view

Nifty is indicating that it is trying to move up. resistance for the nifty is at 5410 past 5750 and 5930. keep 5130 and stoploss ........

28TH APRIL 2012

IN RELIANCE CAPITAL REVERSE HS PATTERN FORMATION SEEN KEEP STRICT SL AND GO LONG FOR THE TARGET OF 380-425.

IN RELINCE TOO  REVERSE HS PATTERN FORMATION SEEN KEEP STRICT SL AND GO LONG FOR THE TARGET OF 810-830.

10th APRIL 2012