Sunday, June 19, 2011

Market Status:

NIFTY continued to be Bearish. It just fell short of a major breakdown at the close of the week. Whether it will happen this week or not is to be seen. Of course, there is a high chance of it happening.

Image001

Needless to say, that it is a major point of Breakdown, if it happens, as on the weekly chart, this trend line was holding as a major support for a long time.

Nifty_weekly_18_jun_2011

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