Google+ A FIBONACCI AND TRENDLINE APPROACH TO BANK NIFTY ~ NIFTY DEMYSTIFIED

Tuesday, May 11, 2010

A FIBONACCI AND TRENDLINE APPROACH TO BANK NIFTY

Posted by Unknown Posted on 12:59 PM 3 comments

Sustaining above 9620-25 is good for further up move again. Below that downward biased extended correction possible. Closing above 9670, even 9720 can bring more serious up move.
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3 comments:

  1. sachinpMay 12, 2010 at 7:59 PM

    Sir as it closed above 9720 level,can we create positional long in small correction?If yes, please suggest stop loss.

    Thanks
    Sachin P

    ReplyDelete
  2. LocalMay 12, 2010 at 9:22 PM

    I like this new format with arrows in your analysis, Satyam. Your fibo analysis is so accurate, this adds depth to it.

    ReplyDelete
  3. UnknownMay 12, 2010 at 10:18 PM

    @ Sachin: Very sorry for not replying at proper time because of the above reason. Will definitely do it from next time.

    @Yoda: Thank you so much. And looking forward for your comments... for my own BETTERMENT.

    ReplyDelete

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