Sunday, February 26, 2012

Nifty out look week ending 02 Mar 12

last week we posted...possibility of extremely volatile  trades in range of 5400   5700 in coming week
and Nifty traded in range between 5405 >< 5630 ..
now 5430 is crucial at spot ...
stay short below 5420 for target of 5330 5200 ..keep sl of 5455
closing above 5450 will take it to 5580  5645 ...keep sl of 5420
<<5200<<5330 <<<5420 >><<<5455>>>5580>>>5645 >>
current mood ...bearish

daily chart

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