Saturday, July 9, 2011

NIFTY


Fall from 5740 levels doesn't indicate bearish pattern has been started as i think it should touch 5600 levels .if Nifty's price will break above 5740 levels then we could see huge upward rally till the levels of 5940-6180. But if i look on recent chart pattern where 5740 as strong resistance levels according to Rising dot dot trend line as well as Falling dot dot trend line indicates very strong to breach that point so at this time i am just on neutral if go above again 5740----then bullllll.

According Rising dot dot trend line where indicates strong resistance line . if nifty could not breach that trend line so we may not see huge rally in ahead as indicated in chart.