* Nifty can correct upto 5225.
* Area around 5185 level will be a good long entry level.
* Any move above 5340 can add some 50 to 60 odd points.
* Nifty can spend some time consolidating before going for a big move.
Sunday, June 27, 2010
NIFTY - Weekly outlook.
* Nifty formed a shooting star with relatively smaller tail then expected on weekly chart. If it was formed tagging UBB, then it would have been more bearish. There can be an intra week correction.
* Nifty can correct upto 5225.
* Area around 5185 level will be a good long entry level.
* Any move above 5340 can add some 50 to 60 odd points.
* Nifty can spend some time consolidating before going for a big move.
* Nifty can correct upto 5225.
* Area around 5185 level will be a good long entry level.
* Any move above 5340 can add some 50 to 60 odd points.
* Nifty can spend some time consolidating before going for a big move.
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