Friday, March 26, 2010

Nifty's short term stretched but the medium term looks fine..

Nifty is getting resisted @ the "Centreline" which has given support to it till Deepavali. It may pause before heading higher. Quality of "that" pause will determine the upsides.
Unlike the weekly chart, Nifty is trading here in the "upper portion" of the channel. A break below 5230 may drag it further down. Channel resistance comes @ 5340...Will it go that far..?/


The micro.."Hour" shows a possibility of another high before the drop begins..

6 comments:

sriganeshh said...

@Raja,
hey man, why r u so angry with me...?
is it becoz today god not rescued u?....may be god's says "my ways are unique"
remember rajini's saying "என் வழி தனி வழி"

ha ha

have a nice weekend..

best

shr said...

@Sriganeshh, @Raja

Sorry for interjecting here, but reportedly Rajagopal's Route No. 12 went on some good trips today.

Have nice weekend.

sriganeshh said...

@shr

ofcourse, 12 is very very lucky number.

BTW, r u the same one who wrote sometime back on manshiRT data feed for amibroker

sri

shr said...

@Sriganeshh,

No I did not write on manshiRT, unfortunately I do not have the knowledge to post really technical stuff. Just a backbencher hiding among some self proclaimed and esteemed backbenchers.

Rajagopal said...

Sri - No rescue appealed today. All trades went well. Just retaliated since you gave me home work. Rescue "Nallavangalai kadavul sothippar. Kai vida mattar..." same Super Star.
=====
Shr - "backbencher" throw on target. H

A J said...

@Ilango
Thanks for the various files on options...will be good weekend past time

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