April 28, 2009

NiftyEOD Chart, 28-04-09

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


We also have a trendline break... EOD charts.Below 3400, weakness possible upto 3300.

This is a strong support and also weekly swing low.While shorting is not recommended, one can hold shorts with SL 3400.

This will also be the "buy above" trigger.Clue: markets at RSI support so a bounce is possible.

No comments: