Nifty target is 5080 | 20-Mar-2012

nifty updatesBelow is the technical chart of Nifty, using Ichimoku indicator. The chart is on weekly time frame.









Nifty technical chart

Few weeks back, Nifty failed to cross Kumo, which was high resistance on upper side. Now, taking support on bottom of kumo. But the main point here is that kijun-sen line is flat from last several trading sessions. That is why it’s attracting Nifty down. So, in coming days, you’ll see Nifty @5080 levels.


Leave a Reply

Your email address will not be published. Required fields are marked *

fourteen − six =