Friday, July 10, 2009

Doji in the last session. Nifty to turn bullish after testing 4000 levels ?!


Yesterday was a perfect doji and nothing else has changed.

The view is maintained as given yesterday that NIFTY might also show a strong bounce after testing 4000 levels in the next one or two sessions.

Now that NIFTY has made lows very close to 4000 levels, it is better to buy on dips and ride the rally till 4300-4400 levels next week.

The key levels also remain the same.

Resistance levels : 4117, 4140, 4156

Support levels : 4045, 3998

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Happy Trading
www.tripleint.com

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