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Tuesday, February 27, 2007

(1) Nifty Chart For 27/02/07



(1) Nifty : Today candle An Bullish Harami .Sing of reversal. But heavy hurdle for up move at 3965 trend resistance and 50 day Ema at 4017 to 4025.Caution at higher level. Close above 4025 only one hope for up move. Supports for down move at 3918 to 3910/3886..(One of Senior Technical analyst Mr. Devanshu Datta wrote in today Business standard “Technical analysis suggests that the market is pessimistic but the market doesn’t have enough information to make it a reliable indicator of the FM’s pronouncemements.” )

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