Nifty Weekly Technical Analysis for Week 6 Dec 2010
Nifty after 3 weeks of downfall which was overshadowed by scams and technical correction. I anticipated a bounce back in coming week in last week Nifty Technical Analysis [Click on Link to Read about it] .
As anticipated nifty gave a good bounce back close to 4% on weekly basis,on the news Indian economy growing at a robust 8.9% YoY growth in Q2 September 2010.
Nifty Daily Chart
Technically, last few day’s chart of Nifty is showing symmetrical triangle pattern which is bearish breakout pattern if lower trend line breaks. …
Read the full story »
As anticipated nifty gave a good bounce back close to 4% on weekly basis,on the news Indian economy growing at a robust 8.9% YoY growth in Q2 September 2010.
Nifty Daily Chart
Technically, last few day’s chart of Nifty is showing symmetrical triangle pattern which is bearish breakout pattern if lower trend line breaks. …
Read the full story »
posted by Bramesh at
11:15 PM
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