Thursday, May 7, 2009

BANK's STRESS TEST

U.S. rallied before the stress test and so are Asian Markets doing today. 38% of 6357-2250 is 3820 which is the target for this wave. Nifty is holding the Gap up level around 3610 and we can see upward movement as long as this level holds. Today's pivot is NF 3659-3663 for target 3694-3704 and cross over of yesterday's high can take the rally to 3790-3810 zone. Support at 3640-3608.

No comments: