last week we predicted
4th negative weekly closing indicating that Nifty is heading towards 5210
upside resistances are 5369 5434
downside supports may be 5219 5209
5166 ( 200 DMA)
Advised to go long at 5220 level ...with 30 points stop loss
http://www.dhanvarsha.in/2012/03/nifty-weekly-preview.html
Nifty low 5205 nifty high 5385 weekly close at 5278
Nifty traded within predicted range
we have observed 5th negative weekly close..
down side very strong supports are 5220 , 5210 , 5156 ,
upside resistances are 5393 5412
5080 and 5640 may be seen on breaching of either side support or resistance .
Next week we will see extremely volatile trades due to settlement of March contracts .
medium term trend of market is bullish till nifty is trading above 5160
4th negative weekly closing indicating that Nifty is heading towards 5210
upside resistances are 5369 5434
downside supports may be 5219 5209
5166 ( 200 DMA)
Advised to go long at 5220 level ...with 30 points stop loss
http://www.dhanvarsha.in/2012/03/nifty-weekly-preview.html
Nifty low 5205 nifty high 5385 weekly close at 5278
Nifty traded within predicted range
we have observed 5th negative weekly close..
down side very strong supports are 5220 , 5210 , 5156 ,
upside resistances are 5393 5412
5080 and 5640 may be seen on breaching of either side support or resistance .
Next week we will see extremely volatile trades due to settlement of March contracts .
medium term trend of market is bullish till nifty is trading above 5160
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