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Nifty could be dangerous

 
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Author Nifty could be dangerous
rocky1980
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Joined: 12 Jun 2009
Posts: 73

Post: #1   PostPosted: Sat Sep 25, 2010 12:26 am    Post subject: Nifty could be dangerous Reply with quote

hi
i have attached the nifty weekly chart - one can see the triangle break out on weekly charts and crucial resistance broken handsomely nifty have gained almost 600 points this month - please look at this chart before shorting - this rally could lead to 8400 levels in nifty (with some minor corrections) but one needs to be cautious.

regards
rocky1980
Shocked



2010Sep-S&P CNX Nifty-800x600.png
 Description:
nifty weekly breakout
 Filesize:  57.91 KB
 Viewed:  724 Time(s)

2010Sep-S&P CNX Nifty-800x600.png


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SID2060
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Joined: 04 Nov 2009
Posts: 319

Post: #2   PostPosted: Sat Sep 25, 2010 1:00 am    Post subject: Reply with quote

thanks rocky 4 ur fibonacci analysis. Its realy vry useful and will skip many false trades. Can u tell us the software name or website u r using to draw such chart that u have submitted.

Regards
Sid


Last edited by SID2060 on Sat Sep 25, 2010 1:03 am; edited 1 time in total
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poorinvestor
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Joined: 05 Sep 2010
Posts: 4

Post: #3   PostPosted: Sun Sep 26, 2010 3:28 am    Post subject: Reply with quote

Hello Rocky, As asked by SID, can u please let us know what s/w you used to generate the chart.

Thanks
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ProTrader
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Joined: 06 Jul 2008
Posts: 433

Post: #4   PostPosted: Sun Sep 26, 2010 6:31 am    Post subject: Reply with quote

ontopic


Dar pe har kushi khadi hain..Rocky bole Nifty Uudi hain..

PT AEOM
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rocky1980
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Joined: 12 Jun 2009
Posts: 73

Post: #5   PostPosted: Sun Sep 26, 2010 11:34 am    Post subject: Software for charts .. Reply with quote

i think site admin would not permit me to mention the software name in the forum - anyways if i get the nod from them i would share the details - with their permission -
thanks
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