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Thursday, May 16, 2013

intraday nifty views

posted yesterday:

tomorrow nifty may open with a small gapup 

near 6167 and may trade in 6189-6126 range 

and probably may close near 6157 again......



..range so far is 6187-6128


today nifty has given a breakout abv upper T/L of a 

smaller expanding triangle pattern.......if its genuine 

breakout then may trgt 6314 next week .towards upper 

T/L of larger expanding triangle .......but.if it reverses 

from here towards lower T/L then may trgt 5970-90 

levels...breakout may be confirmed tomorrow if sustains 

abv 6210ns

now sell any upmove near 6190ns with sl abv 6215

trgts 6167-6154-6142

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