Below is the technical chart of Nifty, using Ichimoku indicator.

 

 

 

 

 



 

 

Nifty is moving inside kumo – which is no trade zone. In the last trading session, it made a high of kumo, but could not cross it. Nifty got a high resistance at 5385-5401 range. It needs to CLOSE above these levels to go up further.

But looking at weekly chart, I still maintain the target of 5080 levels.

Nifty Technical chart | 04-Apr-2012
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https://www.investmentkit.com/articles/wp-content/uploads/2011/11/nifty_update.jpghttps://www.investmentkit.com/articles/wp-content/uploads/2011/11/nifty_update-150x150.jpgAdminStock Market04-apr-2012,chart,nifty,technicalBelow is the technical chart of Nifty, using Ichimoku indicator.               Nifty is moving inside kumo - which is no trade zone. In the last trading session, it made a high of kumo, but could not cross it. Nifty got a high resistance at 5385-5401 range. It needs to CLOSE above...