Nifty view on this week and month . Line 1: 9898 ; Line 2: 9978. If line 1 breaks, It ll go to line 2 level. if the line 2 breaks on closing basis, trend may change to bullish. Otherwise if it breaks the line 3, it will form a double top breakout. (10114-9687= 427 points.) Expected Target range if line 3 breaks, 9262-9347.
Stoch in mid, MACD going to line crossover and the CMP is above the Avg line in Bandbollinger. Expecting the target range is 113-116 as per Bandbollinger +DI levels .
MACD cut and the Stochastic in over sold region will help to price move up. Target range is 218-220. if it breaks above 220 on closing basis, further move up to 227,234. (see like this SREI infra view on yesterday posted, today hit 5% profit) Vijay, INDITRADE, Kovilpatti.