IDENTIFYING NIFTY TWISTS & TURNS THROUGH TECHNICAL ANALYSIS
Thursday, November 5, 2009
SHORT COVERING RALLY
Nifty bounced back after taking support on the Island Gap.... this support should hold for all future upmove. Today's pivot and support in the zone 4662-4676 with resistance around 4724-4748. Weakness below 4648-4640.
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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