February 09, 2009

Nifty Eod Chart, 09-02-09

This is for education purpose only and may not be useful for trading

EOD view: Markets break out of range. Rally possible till triangle trendline (eod charts).
Weekly charts: Rangebound between 2600 and 3150. Resistance on RSI (14 bar).
20 day swing : In sell mode (SL 2930). The earlier BUY signal has failed. If the current SELL signal fails, it will mean a massively big rangebound market.

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