Research of Indian Stock Market

Monday, June 18, 2012

Nifty for 19th June

U see the Candle stick daily chart(verify in the box) last Thursday in candle stick  a Evening star pattern had formed and on Friday it had not failed  closed above the pattern,, As  well as today market Open with up and it could not sustain in that area and closed lower ,,,,The closing at lower had formed A BEARISH ENGULF PATTERN  had formed .
   
SO IN MY VIEW MARKET CAN RETEST THE LOWER BAND TO 4950-4935,,,IN RARER CASE IT CAN  TEST 4800,,, TRADE CAREFUL ,,,,,,,,,,,,,,,                    TRADE WITH TREND 

 

Copyright M. Subramaniam