Sunday, May 28, 2006

NIFTY


nifty looks like making a channel support near 3200 nifty will
target 3400-3410 which is a stiff resistance neckline of H & S
crossing that means we r quite safe.
cheers
rish

6 comments:

Nooresh Merani said...

good one nice levels and analysis . but i would like to see daily charts coz i m a more believer of end of data or say like closing data coz that is how mr dow jones founder of ta did it

Rish said...

thanks nooresh 4 ur valuable comments will keep ur point in mind

Ganesh S said...

hi guys i would say that we are crazy tp watch the charts nothing moves the market other than the news if your chart would have been helpfull everyone would have predicted that the market is going to go down by 1000 points , so i think we are just wasting time in this .

Anonymous said...

Rish, dont bother about comments of ididots like Ganesh who come to your site and then criticize you for something else altogether.

Your charts are insightful, keep up the good work (e.g. ONGC etc.)

Anonymous said...

Hi rish, Good work...... I believe Nifty must consistently cross 3255 and then 3280 and close above that for further upside movement. Tomorrow is crucial and if it breaks down then we might see a low of 2800 and 3450 is in the offing.

Anonymous said...

Hi rish,
In my view the last leg of chart indicates following the moving averages line cross over indicates short weakness as the fast mover has crossed the slow mover

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