Tuesday, April 6, 2010

The Clash of the Titans.

The Clash of the Titans…

 

As expected, it was a Close encounter today, with NIFTY ending nearly flat. As shown in the chart, NIFTY has shown weakness at the third touch of the top trend line. It is likely that, the descend might start tomorrow. We might see, the Clash of the Titans, with heavy metal tomorrow. The breakdown below the bottom trend line will have a target of 5073.

Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.

MASTERSTROKES