February 26, 2009

NiftyEOD Chart, 26-02-09

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

EOD view: markets break triangle but attempt a recovery. The RSI also suported a bounce so till this breaks, trend can be assumed to be sideways. For a decisive break, markets must break 2660 spot or 8630 on sensex.
Levels for this week: Support 2660 Resistance 2800.
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.

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