April 29, 2009

NiftyEOD Chart, 29-04-09

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


Bounce along expected lines though I did not expect such a strong one.Buy signal will come above 3520...we also have trendline resistance on RSI chart.

Above 3520, markets can rally to 3520+(3520-3300)=3740.

Incidentally, all sell signals have failed in this rally.

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