Monday, May 3, 2010

No bad news in globle market is a good news .. !!

Absence of any bad news can serve as a good news for Indian Market
An inverted hammer with high volume in Nifty weekly chart gives expectations of up move for the forthcoming session. One may take this as assurance if Nifty stay between 5280 and 5308 for at least 3 hour.
The momemtum is seen quite suppotive for the market and RSI is also in up move.

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