I am not a certified analyst. The charts shown and the content in the blog are for educational purpose only and in no way is a buy or sell recommendation. Readers are advised to use discretion.

Wednesday, 20 June 2012

NIFTY Views- 21st June 2012 onwards-

Nifty Formed a Doji on Daily Charts & earlier a Big bearish Engulfing, which is not Supported. Although Daily RSI is in Downtrend, but it seems, Bulls still have an upper hand as 2 consecutive daily close are above 50 & 200 day SMA.
Right now, Range of market is  5100  ~ 5140

If Market sustains above 5155 for 10 mins, I will become highly bullish & market can jump to 5190 very easily

BUY  above 5127,  TGT   5154, 5190, 5222,  SL - 5097
SELL  only below 5041,  No weakness till yet in the Market !!
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