Sunday, February 14, 2010

Nifty technical view update-2



SPOT Nifty has taken support @
4675.40
and future made low 4667.60 on 8th Feb.

Nifty made high 4843.80 and closed @4826.85 on 11th Feb.

According to technical theories now nifty trading
at an imp support zone area(4790-4840)

Nifty need to break another imp point

4886.

To reach upper levels

4920-4945-5020-5150



4886 break then nifty will enters in bullish zone
and more chances to reach above upper levels.

if not break again nifty will test 4740-4690-4660-4643 .

Between Feb 15th to 22nd.

Astrologically still markets in bearish zone
due to Rx Saturn vs Pluto aspects and Rx Mars


Imp trading days to watch:22 nd and 23 rd Feb
there is a chance to sudden reversal in markets on these dates.

Eswar

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