Sunday, December 18, 2011

Please read trend line analysis for predicting next move of bank Nifty


Trend lines show three distinct but related pieces of information about their market. They show the direction of the current price movement, the strength (or more precisely the speed) of the current price movement, and the future support and resistance of the current price movement. These pieces of information can be used independently of each other, or they can be used together as part of a larger trading system.

Sent at 9:16 PM on Sunday
kailash: bank nifty is closed at bottom trend line
Gautam: hmmmm
wo up jaayega
kailash: it means it must have to take a bounce technically

Kapoor: Sir  bank nifty  showed movement of 500 points on Friday.
Kapoor: High  8625  low  8094
kailash Chaturvedi: see it is trading at bottom trendline
Kapoor: 500 point dikhayega up yaha se..?
kailash Chaturvedi: kuch bhi dikhe but trend line breach hona asan nahin 
Kapoor: ok.

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