IDENTIFYING NIFTY TWISTS & TURNS THROUGH TECHNICAL ANALYSIS
Friday, December 4, 2009
LACK OF BUYING CONVICTION
Nifty touched the previous top and reacted strongly from there. Today's pivot is NF 5143 with support at 5101-5088. Weak below 5120 and break of 5080 can take it to 5048. With Asian Markets being weak, expect nifty to trade below the pivot.
I entered the fascinating world of stock market a few years back and have been chasing Nifty since then. Realizing that the market has specific foot prints ,ventured into the world of Technical Analysis. I would like to share here with all visitors what I have picked up so far and would learn in the future as markets are the biggest teachers.
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