Nifty 50 stocks study charts

Monday, November 26, 2012

Nifty 26 nov 12 9:40 AM

                                                   Nifty 30 mins chart

There is no clear direction in nifty but nifty is sustaining above trading channel (please refer to previous posts). On friday it brokedown from the triangle and there was some fall in nifty but it took support on upper tradline of the trading channel and today there is gap up opening. If sustains on higher level and most important above CHANNEL will be bullish and breaking the same will be negative. 

No comments:

Post a Comment