Nifty was not able to cross 2800 levels yesterday.William R indicator has turned down so expect some profit booking at this levels.Test of the support at 2710-2715 is likely at this juncture if the level of 2755-2760 is broken .In hourly chart we see that nifty is traveling in a channel,as far as nifty travel's in a channel the down trend is intact even has chance to go down to 2660-2665 levels very easily.
Wednesday, February 25, 2009
Nifty update for 26/02/2009
Nifty was not able to cross 2800 levels yesterday.William R indicator has turned down so expect some profit booking at this levels.Test of the support at 2710-2715 is likely at this juncture if the level of 2755-2760 is broken .In hourly chart we see that nifty is traveling in a channel,as far as nifty travel's in a channel the down trend is intact even has chance to go down to 2660-2665 levels very easily.
Nifty was not able to cross 2800 levels yesterday.William R indicator has turned down so expect some profit booking at this levels.Test of the support at 2710-2715 is likely at this juncture if the level of 2755-2760 is broken .In hourly chart we see that nifty is traveling in a channel,as far as nifty travel's in a channel the down trend is intact even has chance to go down to 2660-2665 levels very easily.
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