Wednesday, April 18, 2012

Nifty outlook: April 18

 
Nifty is very much likely to break the long time trend line which started on Feb 22.
Amidst very positive global cue, Nifty should move only higher and higher today.
5310: confirmation of trend line breaking
5324: 61.8% retrenchment
5338: 50 DSMA
5365: Uppar bollinger band
5383: 50.00% retrenchment
5425: 100 WSMA
5310>5324>5338>5365>5383>5425
Please find below all the graphs


 

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