Saturday, May 5, 2012

NIFTY ANALYSIS


CLOSING BELOW 20,50,100 AND 200 SMA FAVOURING BEARS..NEGATIVE FOR BULLS.


LAST CLOSE 5087
MAIN SUPPORT @ 5050 AND 5004


PRICE CLOSING BELOW ICHIMOKU CLOUD.RSI BELOW 50 % SHOWING LOSING MOMENTUM,FAVOURING BEARS.....




BREAKING TRENDLINE......



BREAKDOWN TRIANGLE PATTERN
TRIANGLE HEIGHT 188 POINTS
SO 5188 - 188 = 5000 TARGET


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