Sunday, August 14

Nifty Weekly Analysis for Week Starting 16 August

Wishing All Site Readers a Very Happy Independence Day 2011

We are living in the time where fear and doubt of reining supreme and trading in Volatile times.Hence Keep your trading volumes low as there is 80% Probability of whipsawing on both sides if you are trading on your emotions.

Nifty Hourly
A picture Speaks Thousands words. It is clear cut trading pattern which is present in above chart. Buy above 5121 to go to upper end of trading range near 5200 and Sell below 5121 for lower end of trading range 5010.
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