Tuesday, January 04, 2011

Trend line [04-01-2011]

Cluster of resistance and support implies the Volatility in intra
Hourly and Daily chart in over bought zone, so Then and There
profit booking is possible.  Elliot Wave Target line co-inside
with EMA 21 hourly, so strong support in TDL Trade support.
Global cues will issue some volatility and GAP up in the opening
This rally will sustained only if NIFTY close 6190 for 2 consecutive
days.  Wait and Watch. 

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