Nifty Weekly Technical Levels for Week 7 Jan 2011
Nifty Daily Charts
Nifty is on a falling spree from last 3 days of the week with Friday being a huge fall of 2.5% in a day.Banks and Rate Sensitives sector are leading the fall as fear of Higher Inflation will prompt RBI to raise Interest rates in coming policy meet at 25 Jan.
Technically Speaking Nifty can see 2 possiblity in coming week.
1. Bullish Stance
As seen in above daily Chart Nifty can stop it falls around 5810 Levels forming a Higher Bottom and move towards it new high.
2. Bearish Instance …
Read the full story »
Nifty is on a falling spree from last 3 days of the week with Friday being a huge fall of 2.5% in a day.Banks and Rate Sensitives sector are leading the fall as fear of Higher Inflation will prompt RBI to raise Interest rates in coming policy meet at 25 Jan.
Technically Speaking Nifty can see 2 possiblity in coming week.
1. Bullish Stance
As seen in above daily Chart Nifty can stop it falls around 5810 Levels forming a Higher Bottom and move towards it new high.
2. Bearish Instance …
Read the full story »
posted by Bramesh at
11:12 AM
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