Friday, December 4, 2009

resistancce works for nifty

Nifty got Resisted at around 5183 ,on last two days..i mentioned 1 target for nifty to be 5049 ,but today with bearishness in dow & asian markets, at the WEAK open nifty made made low of 5085,,bounced back upto 5170 and crashed upto 5178..and closed again at 5130.

now, just read this messege posted here on 2nd dec.

Wednesday, December 2, 2009

WATCH 5040 FOR NIFTY

A strong move below 5103,,will take nifty upto 5089-5079 and a move below these levels will take nifty upto an important support levels of 5041..and a close below 5040 and we may see a strong down move atleast upto 4937-4860.

and WATCH todays lows..first 5085 next 5078.
this is precisely how levels given here works for nifty.
Posted by at

2 comments:

Anonymous said...

dear mr. naik,

why do you keep blowing your trumpet for every anaylsis you make???

December 5, 2009 at 10:12 AM
Stockchart said...

hi mr Anonymous,,few comments on ur comment.
1) i love blowing trumpet
2)i love self appraisal,,it really motivates me to predict markets.
3)i do it coz. the result of my analysis gives me a lot of job satisfaction
4)its my blog,i am free to write anything on it
5)why do you visit my blog ? ,had i ever invited you to visit my blog?
6)dont hide ur identity,please.

December 6, 2009 at 7:16 PM

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