Saturday, January 22

Nifty Weekly View for 24 Jan 2011

Nifty Daily Chart

After 2 Weeks Nifty was able to show some green tick on weekly charts after a roller coaster trading with a gain of meagre 0.74%.
As seen in Daily chart Nifty in short term is trading in lower down trending channel while long term trendline is still intanct on Daily chart which will get breached around 5200 (wishful thinking).

For next week will prove to be interesting as we have Expiry for January series and RBI rate hike decision on 25 th January and 26 …
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