Monday, July 27, 2009

NIFTY OUTLOOK

MONTHLY CHARTS
The monthly charts has resistance at 4675 and support at 4095. A closure above 4675 signifies the time has come to just buy and go to sleep. Nifty will shoot to 5249.

WEEKLY CHARTS
The weekly charts has resistance at 4703 and support at 4564. A closure above 4703 will take Nifty to 4842/4928/4997

DAILY CHARTS
The daily charts has shown a breakout at 4555. Nifty closed on Friday above this level. The target for this upmove is 4690. Above 4710 then sky is the limit. Support is at 4402.

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