Nifty Technical View:
The buy area for Nifty as mentioned was around 5250 and the precise levels are 5220-5260 gap which is done and any dips closer to that area with a positional stoploss of 5150 and short term stops at 5190.
Even bank Nifty came into our buy area of 9800-9900 as mentioned in previous posts - http://www.nooreshtech.co.in/2012/08/nifty-gives-the-first-breakout-hint-and-now-a-dip-bank-nifty-drift-continues.html
Meanwhile one can read this detailed report on Power of Trendlines sent to our Newsletter Clients mentioning about how 5200-5250 will be tested and then we can see a strong recovery. Believe tomorrow is the start of it.
POWER OF TRENDLINES POWER OF TRENDLINES
TECHNICAL ANALYSIS TRAINING SCHEDULE
MUMBAI SEPT 15-16
ONLINE TRAINING PROGRAM SEPTEMBER 22-23 tentatively
For more details call Nooresh 09819225396 or N S Fidai 09920120878 or mail firstname.lastname@example.org