Thursday, April 12, 2012

Cat on a Wall

As I gave Yesterday Nifty today touched 5289.3 which was near to 5290, But failed to touch 5306. As given on Chart here Nifty has Two important Gaps to be filled and Crosses for a Healthy Upmove. Even today closed below 50Hr Moving Average does not seems to be a good Sign for Bulls. Tomorrow 5306 & 5347 are the major Road Block for Bulls. Cross above these levels may be a Bulls Trigger - else we may see Nifty to move towards or near to 5000 level soon. Infosys Result & Week End closing tomorrow makes an Interesting day ahead. Cheers!!!