Wednesday, May 6, 2009

A perfect 'cat on the wall' doji, but favouring bulls?!!


NIFTY in the last session moved erratically up and down before settling almost at the previous close. This has formed a perfect doji after the long white candle session.
The main point is that NIFTY has not retraced to test even the middle of the white candle which is at 3567 and is still making new highs.
A small push can take NIFTY further to 3708 and 3780 levels which was written for the last session.
The resistance and support levels remain the same.

Resistance levels : 3708, 3780

Support levels : 3630, 3595

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Happy Trading
www.tripleint.com

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