March 17, 2009

NiftyEOD Chart, 16-03-09

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


EOD view: NIFTY retains uptrend....watch for 3rd gap up.

Possible target for this rally is 2800...this is gap resistance and also Fib resistances.

2 day swing still in buy mode....best strategy is buy on declines so you are alwayscloser to stoploss.

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