Nifty Outlook for 28-03-2011

Nifty Outlook for 28-03-2011

  8:52 AM    Unknown

---

Nifty Daily Chart: On the daily chart we see that Nifty has broken the triangle as we expected few weeks back. Nifty has given surprises by rallying with run away hard gaps. All we need to see is to build on long positions when Nifty tries to fill the hard gaps in a day or two.

 Nifty Intraday Chart: On the intraday scale we see a positive trendline in formation. The RSI seems to be little tired, which gives us an opportunity to enter the market when nifty tries to take support at the marked levels (Blue Lines).

Important Information: Since it's financial year ending we find little time to update the blog. The Blog is usually updated three times a day during 9.00a.m.; 12.00noon and 3.15p.m. Kindly check out this blog for regular updates.
You can directly contact me at praveen@tranchegroup.com in case you need assistance in Nifty movements. Very soon we will also come up with live Y!msgr. service.