Thursday, May 15, 2008

>May 15th Trading day

Nifty gapped up and held that gain through out the day unlike last few trading days where nifty fell considerably in last hour or so,

But today last hour nifty broke out from the intraday range to close above 5100 if nifty continues to hold 5100 we would target higher resistances in coming week range for may most probably would be (4900-5300) we almost touched 4900 the other day .Today orchid did exactly what I was expecting from it after it touches 280+ can check the previous post on this here....

Lets try to analyze how Bombay dyeing may move in coming days chart is attached...


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