Nifty 50 stocks study charts

Tuesday, April 26, 2016

Nifty 26 Apr 2016

                                                                       5 mins chart

I was expecting a continuation in downtrend when market opened gap down below YELLOW dotted line. But it reversed its trend and broke out of the dotted line and after taking support (shown with arrow) at the line there is now a huge upside in Nifty. I expect Nifty to go up further. We should watch for BLUE dotted line (at 7937)

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