Saturday, June 12, 2010

Nifty Technical View- MArket Trend Next Week (14-18 June)

Nifty future on charts from last couple of weeks making the strong candlestick formations & overall addition of volume on higher levels also indicating that this upside might continue for some time.
  if we see charts for considerable longer duration, we could realize that it is making higher lows on charts & the overall sloppy patterns on upside. the only concern is that it is not making much convincing tops on higher side its almost like flat tops, so it means that on higher sides we again might see some correction. But overall I would recommend that if this time nifty future close above 5250 marks one should focus on long position in nifty future.

Get Sure Shot STOCK TIPS


Posted By Commodity MCX Tips