NIFTY TRENDS

Wednesday, February 9, 2011

Feb 9th

People living on hope that Nifty will take one support or the other. But there is relentless selling pressure. Stop losses also get hit in volatile markets. Nifty broke some important supports. All rises should be an opportunity to exit.

One good investment pick is Financial Technologies.


This is the weekly chart where we can see a falling wedge pattern. Good volumes also being observed in last two and a half weeks. Is it accumulation?
Target on upside is around 850-900.

1 comment: