only thing there might be a pulldown before the next rally...don't expect the rally to continue much if it is able to break 5950 first and next 6125.... if not there should be a correction till 5650 and if it breaks then till 5450...
Even 15 Minutes chart is supporting EMA.. support Spot Nifty at 5830..5805 and finally at 5777 till these levels hold the trend will be up..yes 5940 is also a crucial hurdle to cross.. Attached Nifty Future 15 minutes Chart
Nifty weekly chart.. Res. at 5944 which is double top made on 4th Apl. 2011
Tomorrow any gap up..to start the day above this level and close above this level is big positive..
TL.. res. 6280.. weekly close below 5780 or 5690 is trend reversal..
till that happens look for higher levels.. RSI is close to it's higher band watch it...Volume also low
Nifty weekly chart.. Res. at 5944 which is double top made on 4th Apl. 2011
Tomorrow any gap up..to start the day above this level and close above this level is big positive..
TL.. res. 6280.. weekly close below 5780 or 5690 is trend reversal..
till that happens look for higher levels.. RSI is close to it's higher band watch it...Volume also low