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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