Intraday Technical Analysis with Nifty Chart and Trading Stretegy / Stock Tips for 6 Jan 2010 www.StockInspection.com
Posted by Indrodeep Banerjee on January 5, 2010
Total Views - 528On Monday markets closed on a strong note after gap up opening on positive global cues and maintaining the gains throughout the day amidst mild volatility.
It closed well above the 5 DMA and 20 DMA levels and RSI around 95 indicating a bullish breakout towards 5400 levels but some more profit bookings is likely to be witnessed in the coming days for the markets before it decisively starts trading above 5350 mark .
Nifty finally closed at 5277.90
gaining 46 points or 0.87 %
Trading Strategy for 6 Jan, 2010
