Technical view for Friday, 4th July, 2008

anilrgowda · 07-04-2008, 03:31 PM

The upper trading targets are placed at 13827-13955-14655 (SENSEX) & 4142-4165-4362 (NIFTY). The lower supports are placed at 12832-12540-11730 (SENSEX) & 3850-3730-3490 (NIFTY).

Technical view for Friday, 4th July, 2008.

As expected the markets did correct yesterday. The volatility continues to suggest that we may be at or close to an intermediate trading bottom. However, it will take a few more sessions for the charts to confirm the same. If one is proactive/early entrant, one can buy with a stop below 3848 (Nifty). However, if one is reactive and looking for a confirmation, then for today a break above 4020 (Nifty) would be an entry point for traders.

The upper trading targets are placed at 13827-13955-14655 (SENSEX) & 4142-4165-4362 (NIFTY).

The lower supports are placed at 12832-12540-11730 (SENSEX) & 3850-3730-3490 (NIFTY).

07-04-2008, 03:31 PM	#1 (permalink)
anilrgowda Status: Member Join Date: Jun 2008 Posts: 64	Technical view for Friday, 4th July, 2008 The upper trading targets are placed at 13827-13955-14655 (SENSEX) & 4142-4165-4362 (NIFTY). The lower supports are placed at 12832-12540-11730 (SENSEX) & 3850-3730-3490 (NIFTY). Technical view for Friday, 4th July, 2008. As expected the markets did correct yesterday. The volatility continues to suggest that we may be at or close to an intermediate trading bottom. However, it will take a few more sessions for the charts to confirm the same. If one is proactive/early entrant, one can buy with a stop below 3848 (Nifty). However, if one is reactive and looking for a confirmation, then for today a break above 4020 (Nifty) would be an entry point for traders. The upper trading targets are placed at 13827-13955-14655 (SENSEX) & 4142-4165-4362 (NIFTY). The lower supports are placed at 12832-12540-11730 (SENSEX) & 3850-3730-3490 (NIFTY).

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