Nifty 50 showing Pullback can see 2900

By | January 14, 2009 3:08 pm

Hi all

Nifty after going down for almost 5 days in a trough has shown a pullback and closed above 2830 which was crucial today.

Weekly calls archived there tgts.Hope some would have made money

Now resistance is coming at 2864 where 5 EMA Lies

Rel Capital is formed double bottom around 400 levels and gave good bounce
400 is a level needs to be watched for rel capital if this rally sustains we can see 457 and 474 Levels else 370 on cards

LT is looking ripe for a bounce till 760 sl 860

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