Nifty 50 stocks study charts

Wednesday, April 10, 2013

Nifty 10 Apr 2013 8:42 AM

                                                             nifty daily chart

Nifty may fill the gap we made on 14 Sept 2012 in the opening. It also tested support above this gap on 19 November 2012. Type of this gap is known as BREAK AWAY GAP and this gap is filled often. If nifty goes down below this gap area (5535-5450) then it opens the gate for 5000 level for the nifty. In other words nifty must hold this gap and we should bounce back from here if we are in long term bull market which may break 6300 level (all time high) in the future.

No comments:

Post a Comment