Today Nifty has given breakout pattern in the charts. Nifty closed at 5020 after making a high of 5036. Nifty will face resistance at 5055 -5070 levels. Nifty has closed above its major resistance level of 5013. RSI is now in the over bought zone. I would like to advice the readers of this blog to remain cautious in the market. Book profits on every rise.Wednesday, September 23, 2009
==>> Breakout pattern
Today Nifty has given breakout pattern in the charts. Nifty closed at 5020 after making a high of 5036. Nifty will face resistance at 5055 -5070 levels. Nifty has closed above its major resistance level of 5013. RSI is now in the over bought zone. I would like to advice the readers of this blog to remain cautious in the market. Book profits on every rise.
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