Saturday, May 26, 2012

Tweezer Bottom on Week end May 25

Nifty ended the week with a Tweezer Bottom which is a bullish sign with high reliability. also on daily basis Nifty made Morning Star followed with Bearish Tweezer Top. Though it is bearish tweezer on daily basis but being created in flatten bottom reduced the bearishness.

Weekly target should be 5076 and intraday target should be 4986
for positional trader:
Upmove target: 4957>4986>5010>5075
Downmove Tgt: 4888>4850>4821>4788

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