Thursday, April 19, 2007

nifty outlook for 19.04.07

continous of higer trading with very marginal volumes and not showing strenght at upper levels of 4025-30 is showing the reason of reversal as expanding triangle developed on the charts is showing that immediate support and strong support level is 3980 if it manages to break this level then we can see more 60 points fall in nifty same day .and on upper level 4025-4058-4070 are very crucial levels which i can say that almost confirm that we are not going to cross these levels tomorrow as charts are expressing their way as today us market is trading higher after that also i am saying like that then beting a big risk on my analysis .as we can see range bound trading at higher levels ..but if it comes down then it will not range bound if it breaks then i am sure it ll not give u time to think also .

as on 24th rbi is also meeting and so many kinds of rumours are floating in the market ..so we cant take it seriously but my dear all prevention is always better then cure ..so as higher mkt goes sell ur longs slowely ...

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