Monday, April 27, 2009

Nifty - 200 EMA


Nifty is facing resistance at 200 EMA around 3510 -15 level. Nifty needs to close above it for couple of days, to reach higher targets.
If reacted from this level, it will form a double top, a bearish pattern.
Still almost 3 hours are there for close of day. Lets watch. :-)