April 19, 2012

Nifty Update - 19th April 2012


Nifty traded on positive side and outside the wedge but traded/closed next to the wedge line.

Couple of days outside the wedge close would be good for positive side trades.
Next level to keep eye on is last immediate high - 5378 as nifty did make lower low so will it try to make higher high is yet to be seen.

Time to be stock specific till nifty gives a clear trend. After Pharma stocks, now power stocks giving a good breakouts on charts.

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