Saturday, January 17, 2009

Nifty Weekly View


As far as weekly view is considered nifty closed above the 2810,which is a crucial level, if it were close below 2810 level then it opens the path for downtrend very easily.2810-2775 level has a very good support since it is a downward trending channel.On upside a weekly close above 3240-3260 level will lead nifty to 3800 level very easily but chances seems to be not supporting that levels easily.On downside a weekly close below 2810-2775 level will lead nifty to break previous lows i also mean October low very quickly.

No comments:

Post a Comment