Nifty EOD Chart 20-02-09

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

EOD view: markets close near lower end of triangle. A bounce is possible and this is supported by RSI supports (thick line). Next week, the bullishness will be confirmed if markets cross 2800. Inability to do this or a break below Friday lows will lead to a retest of 2650, breaking which, new lows are possible.
Weekly charts: rangebound between 2600 and 3150. Resistance on RSI (14 bar).
20 day swing : now with BUY mode with SL 2660...not very far. The earlier BUY and SELL have failed.