Today market rallied again, second day in a row . Going forward 4950- 5020 are resistance for Nifty and a major resistance zone.
The chart pattern showed oversold conditions for most of the metal stocks and our earlier ideas Tata Steel and Nalco had done well.
Eveready has resumed its uptrend support is at 56 and resistances are at 76 /84.
You should also study the charts of Shivam Auto and Gujrat Alkali and we will wait for your comments on these two charts? What is the significance and what does this pattern tell us.
Your comments are welcome.
Cheers !
Wednesday, February 17, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment