On 09th April 08, I have clearly mentioned that the Nifty chart is showing signs of breakout and the break of the lower top and lower bottom pattern. And the Nifty can touch 5000 levels in the coming trading sessions. Nifty close on 8th April 08 was 4709.
First target for the Nifty was achieved.
On 15th April 08, it was also mentioned that the close above 4950, can take the Nifty to 5200 levels. That is also possible, as all the major companies are coming out with better then the expected Q4 results. It will take some time to achieve the mentioned target. 4950 – 4800 will be a very good support.
===>> Nifty closes above 5000 levels
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