Sunday, February 21, 2010

NIFTY VIEW FOR THIS WEEK

HI FRIENDS,
AS SAID IN THIS POST CLICK NIFTY GONE WELL ABOVE 20 EMA AS WELL AS 100 EMA TWICE ON WEDNESDAY & THURSDAY , BUT COUDNT SUSTAIN ABOVE THAT LEVEL
NIFTY NOW @ 4844.8  NEED TO CROSS ABOVE 4910.98 WHICH IS 100 EMA FOR A TGT OF 50 EMA 4965.66 ON ACCOUNT OF BUDGET RALLY  WE CAN EXPECT FALL AFTER THAT , SO STAY CAUTIOUS AND ENTER LONG POSITIONS ONLY WHEN CLOSES ABOVE 50 EMA @ 4965.66 SUPPORT SEEN @ 4776.6 150 EMA AS OF NOW

NEXT REVERSAL WE CAN EXPECT ON WEDNESDAY  REVERSAL { 24.2.10} EITHER A HIGH OR LOW ON THIS DAY AND THEN CAN REVERSE THE EARLIER TREND
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3 comments:

  1. HiralFebruary 22, 2010 at 3:28 PM

    Sir your caution on 50 ema closing definetly helped today to short and stay away from long. Thank you very much..

    ReplyDelete
  2. Nifty TipsFebruary 23, 2010 at 5:44 PM

    Nice Ananlysis Sir I also Run a Free Nifty Blog Please Have a Look Sir-

    Regards Aruhi,

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    ReplyDelete
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