This would also mean that next year Nifty will be bullish and head to somewhere near 6800-7200
On a monthly timeframe you can see this pretty clearly
Friday, October 28, 2011
Nifty
On a daily chart a downward sloping channel provides formidable resistance. A close about this on a daily time frame would mean a change in trend. I'd like to add some shorts here with a SL @ 5490
This would also mean that next year Nifty will be bullish and head to somewhere near 6800-7200
On a monthly timeframe you can see this pretty clearly
This would also mean that next year Nifty will be bullish and head to somewhere near 6800-7200
On a monthly timeframe you can see this pretty clearly
