Wednesday, December 05, 2012

FDI Vs NIFTY !!!!

Dear All,

>>>NIFTY<<<

>>Click the chart to see on full screen<<

Nifty crossed 5890 Resistance and trying to move above the expanding Channel shows that the Upmove may continue.

On Going debate on Parliament on FDI Retail should really Impact the Nifty Movement tomorrow.

Resistance 5938,5990 Should be watched. Support 5855-50.

>>RPOWER<<

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Rpower forming a Bullish Pole Flag Pattern, Break out confirm above the channel line as given on chart. Support at 96 and 92.

>>>IFCI<<<

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IFCI - Stock testing the Neck line for the Second time, If unable to Cross, a big fall not ruled out.

EW suggest Caution ahead. Lets See.!!! Cheers!!!