SHORT TERM VIEW

NIFTY HOURLY

This is hourly chart of NIFTY. Since last 7 trading sessions ( since 9/4/12 ) NIFTY is trading between 5200-5300 band. Yesterdays rate cut by RBI improved sentiment and today NIFTY broke above 5300 so now within 2-3 trading session it may target 5400. ( 5300-5200 = 100, and 5300 + 100 = 5400 )

Before reaching 5400 it may pull back to test 5300 level, which if happens will be best entry point.

AS USUAL THIS IS OUR PERSONAL VIEW AND VISITORS SHOULD DO THERE OWN ANALYSIS BEFORE MAKING ANY DECISION. 

DISCLAIMER: This Blog is meant for sharing our trading and investment ideas only and no calls to be taken as trading recommendation. Visitors please do your own research or consult your advisers for safe trading, investing.