Tuesday, October 1, 2013

Hammering out the Down Trend!!!

Hi All,

As expected Nifty crashed by more than 1.5 % after breaking 5790....

However though the trend remains downwards, one can expect a small pull back in Nifty with supports near 5700-5690...., the upmove can be till 5830-5850.........

There is a Hammer on Hourly charts with supports near 5700-5690..... Resistances near 5780-5815-5830...

Cheers

Hrishi


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