Nifty Update

Anticipated on 02nd April 2013

The upward momentum still seems to have strength on the 60 mins charts, which takes Nifty to a leg up approx. towards 5850 as a target within the current expiry.
( An abstract from Nifty Update post dated 02/04/2013)


Happened on 22nd April 2013

( Nifty Daily)

Nifty moved as anticipated.

The above shown charts clearly depict that Nifty moved as anticipated and moved approx. 5850. Anyone who is continuously reading our posts and trading; would have made a huge profit within this current expiry itself. We projected nifty to find support near 5500 levels and going up towards 5850 as our target. ( To get the exact details please read our previous posts.)

Currently we are at the top of the on going downward channel and the previous Gap up opening (5816 - 5873) are likely to act as an important support. From here on, till 5873 is intact much of bearishness will not  be seen. It is only after this Gap is broken on the down side we may witness the continuation of the channel.

Till then the levels of Gap i.e., 5816 - 5773 will be the key zones and market will continue to remain bullish till these levels are intact.


Get Nifty Vision's update on Facebook, Visit:
https://www.facebook.com/pages/Nifty-Vision/506045946124548?fref=ts

And

Call 0-8585994465 and 0-9958781212 for our Advisory Services. For further details visit:
http://niftyvision.blogspot.in/p/advisory-services.html