Monday, September 17, 2012

Nifty touches 52-week high and double top formation !!!



Nifty closes at 5610 today and gives a double top close (previous highest close of the year was 5607 in February). Reversal of bullishness will be below 5580. Well poised to touch the previously mentioned level of 5875 in the result season next month !!!


Update on September 20, 2012:

Nifty has managed to hold the level of 5500 so far in spite of the negative sentiments. The level of 5565 will remain crucial tomorrow once again !!!

No comments:

Post a Comment