Wednesday, September 9, 2009
Nifty Break out from Trading Range - 9th sep 09
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Nifty Intraday Chart - 5min:
Nifty did break out from the trading range, but it is forming like shooting star. Watch out if it moves up from here then the target is 4860(4840 is intermediate resistance) else if it is Terminal Upthrust then nifty may go to 4785 levels. Watch out price action for next 3 to 4 bars.
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3 comments:
well Is it a healthy sign that Nifty gaining for the last 3-4 days without losing much?
Or is this LULL before the storm? I know loads of factors play to it like FII's bought over 1000cr-Monday + Tuesday; world markets positive.
As we all know markets surprise us everyday.
Your inputs please!
Hi krishna,
I have written my short term view here http://www.chartreader.co.in/2009/09/short-term-market-view-10-sep-09.html
-Doji
Thanks :)
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