April 16, 2012

Nifty Update - 16th April 2012


Nifty Daily charts

Closing was above the TL but we did had a break of TL (thanks to IT sector)

Seems like nifty will trade as per wedge pattern. Good to sit idle and out and relax. Let market decide the trend and then trade

Above 5210, we can see some upside (likely to be a relief rally / dead cat bounce in IT stocks)
Else we are good for 5145 levels.

All of the content published on this blog are to be used for informational purposes only and without warranty of any kind. The materials and information in this website are not, and should not be construed as an offer to buy or sell any of the securities named in these materials. Trading of securities may not be suitable for all users of this information. Both day trading stocks and investing in the stock market in general have large potential rewards. However, they both have large potential risks involved in which you can lose all the money. You, the reader, and not cherrypicks001.blogspot.com or cherrypicks or any of the contributors are responsible for any losses, financial or otherwise, as a result of trading stocks

No comments:

Post a Comment