NIFTY OUTLOOK FOR 31/03/2015
BULLS OPEN WITH A GAP UP,
GLOBAL TRENDS AND SHORT COVERING LIFT
NIFTY ABOVE 8500 AND
NIFTY CLOSES AT 8492,
GLOBAL TRENDS AND SHORT COVERING LIFT
NIFTY ABOVE 8500 AND
NIFTY CLOSES AT 8492,
THE TREND LINE RESISTANCE PLACED AT 8511-33 LEVEL,
ABOVE 8533 BULLS MOVE FURTHER MORE UPSIDE,
IF BULLS FAILS TO JUMP ABOVE 8533 THEN
FOLLOWING PATTERN TARGET WILL BE TESTED BY BEARS,
ABOVE 8533 BULLS MOVE FURTHER MORE UPSIDE,
IF BULLS FAILS TO JUMP ABOVE 8533 THEN
FOLLOWING PATTERN TARGET WILL BE TESTED BY BEARS,
THE HIGH ON 30/01 WAS 8996,
THE LOW ON 10/02 WAS 8470,
AGAIN THE HIGH ON 04/03 WAS 9119,
THIS IS A DOUBLE BOTTOM PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,
THE LOW ON 10/02 WAS 8470,
AGAIN THE HIGH ON 04/03 WAS 9119,
THIS IS A DOUBLE BOTTOM PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,
AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8422,
ABOVE 8466 BULLS CAN TARGET 8600 AND 8688,
BELOW 8377 BEARS CAN TARGET 8244 AND 8155,
NOW THE WEEKLY PIVOT IS 8422,
ABOVE 8466 BULLS CAN TARGET 8600 AND 8688,
BELOW 8377 BEARS CAN TARGET 8244 AND 8155,
No comments:
Post a Comment