Sunday, May 27, 2012

expecting that nifty will trade at 5350...5400

Nifty view for settlement week ...nifty may trade between 4784 to 4945 . on success-ful close above 4945  we will see 5075 >>><<<5205 on spot ...we are expecting that nifty will trade at 5350  5400  5600 level in next six month ..
we have spotted a rare but prominent
Tweezer bottom reversal pattern found after 13 week - fib magical series  number  1, 1 ,2 , 3,5, 8, 13, 21 ....
11 sessions traded in the range of 4784  4945  ...possibility max 2 more below 4845 according to fib magical series ...next number 21
Nifty is bullish since 5 sessions and bullish weekly close favoring bulls ....
Nifty is highly oversold and maximum stocks are available at nice valuation...
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Inverted head & shoulder reversal pattern will be confirmed at 60 Minute chart if  nifty will trade above 4945 ...

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