Nifty 12 Feb 2008

WE were bullish from some time now and we now entered good resistance area .Charts shows cci hooking so would suggest to hold longs with tight STOPLOSS .RETRACEMENT CAN BE TILL 2830 BELOW WHICH AGAIN FREASH SELLING CAN COME .
BULLS IF HOLD 2930 ON CLOSING BASIS WILL GO TO SEE 3028-50 AREA .

REGARDS

NIFTY TREND TEAM

NIFTY VIEW FOR 4.02

MARKET TRADING IN RANGE AND WILL CONTINUE TO DO SO BEFORE FINDING EITHER SIDE BREAKOUT

BULLS:: PROTECT 2710 AND CROSS 2854 WILL SEE GOOD UPSIDE

BEARS:: BREAK 2710 AND WILL SEE TEST 2660 BELOW THAT GOOD FALL .

REGARDS

NIFTY TREND TEAM

NIfty update 2nd Feb 2009

Nifty on friday closed near the resistance of 2876 levels. A sustained upmove will take it to 2950. But, as of the the turbo cci is hooking. So, any longs should be protected with a stop loss.