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Friday, March 11, 2011

Nifty Monday Intraday

We had a small bounce from the lows of Friday. But in think we will be hitting that 5400 area again pretty soon .
In the one minute charts we get our next targets . After climbing up,  we touch that upper blue trend line or may be even that red line . Then the market slides again to touch that green line or lower .

The hourly chart here . Nifty will try to bounce back to the 50 hour moving average. Around there the slide starts . Notice the GAP that we have to fill.

The  trend is down and we will be hitting 5300 soon . Expected to bounce from that lower trend line.


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