Hope readers of this blog got benefited from our last post about Bharti , REl and nifty . Bharti when world has sell!!! @ 270 we came out with buy with target of 320-340. Now every crab has buy here .
NIFTY rise was capped and around 4930 but nifty gained momentum giving 3 close above 4830 and result is infront of you .
http://nifty-trends.blogspot.com/2010/02/nifty-bharti-outlook.html
Rel once broke 1026 moved to 950 and till now 1026 not crossed and closed .
NPTC STILL CONSOLIDATING NEAR 202 levels need movement and pattern showed is voileted now move above 212 is reqd to follow it .
Time and again We are back but this time with some WORD OF CAUTION . Time to be light and wait for conformation of Breakout . If break out comes and we crosses 5333 our 6 month old target which we have projected at 4600 odd levels target can be 5700+. But and any break down from here we will get shoot down to one way near 4930 breaking of which will give downside momentum . ATTACHING SENSEX WEEKLY AND MOST TALKED $ INDEX CHART .
Regards
NIFTYTRENDS TEAM
