The very basis of Technical Analysis is, markets move in trends. This is evident from looking into a chart of any Index or Stock that it reverses direction after making three or four tops or after making three or four bottoms. This phenomena is the basis of trendlines.
Saturday, February 06, 2010
Friday, February 05, 2010
Nifty - Technical Outlook and Intraday Trading Levels, 05 Feb
Today, 4766 is the crucial intraday level for Nifty.If Nifty sustains below 4766, then it could test 4680.
Instead, if Nifty trades above 4766, then it could test 4820 and above that level it could test 4860.
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