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Jan 20, 2011

How soon may we hit the 5200 level on the Nifty?

See Nifty at 5200; Sensex at 17500 in short-term


In an interview with CNBC-TV18, Daryl Guppy say Nifty hit 5200 Level & Se sex 17500
I think we are seeing at the time that we support these areas are likely to test. There is a clear chart-based signals that tell us that a strong reversal of this trend are. So, for example, a head and shoulders pattern, but double up in Nifty and Sensex reacted off a double top. Response is stronger than we anticipated but are very strong in Nift 5200 and Sense 17500 support level. We are looking for a rebound from those levels.

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