Aug 26, 2012

Nifty Daily Chart Update -27Aug2012


Daily and Weekly Trend is up above 5360(SAR)
Weekly Indicator is Bullish zone , Daily Indicator is Bearish zone 
High of  Shooting Star 5450 can be critical resistance 
Bulls are safe along as nifty closes above 5378  and 5358 
Support are (5330-5343)-5280-5250-5160-5088-5040-5000-4950-4800
Resistances are (5377-5385)-5440-5498-5630
Piercing Pattern at 5164 ,5280 ,Change of polarity at 5280
End of wave -5 Target 5440 is complete.
Profit Target on Long Side are 5350-5375-5343-5500-5630












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