Thursday, October 20, 2011

Nifty created "W" for Win

Nifty has already created beautiful "W". It has created double bottom. 21 EDMA and 50 EDMA is about to bullish crossover, Bollinger Band has narrowed and stable for the last one month which is indication of rapid fire round from Nifty side.

Nifty has created higher low,
It has beautifully consolidated between 5000 to 5150. now it's time to move higher
Watch out for Nifty struggle between 5106 to 5140 before moving higher.