Nifty update for 27/02/2009
Nifty is holding the crucial support level at 2745-2750.If it is a symmetrical triangle we can expect the breakout within one or two days.If the support level hold nifty face resistant at 2800-2805 if it crosses 2800-2805 next it can move to 2865-2870 levels very quickly.
MACD is in negative crossover indicating bearish signal but the RSI is in positive divergence in hourly chart.So trade carefully with appropriate stop loss.
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