Based on pivot point analysis the target for 11-Apr-11 can be calculated. As technical analysis suggests that if Nifty opens above 5863.6 then we should go for long otherwise vice-versa. But Nifty analysis based on Stop and Reverse( SAR) method will be updated hourly basis.
But technical analysis says SAR_C has been broken for 11th Apr too,SAR_C for 11th Apr is 5845.4, depending on 8th Apr closing which was 5842. Even on 8th Apr, Nifty low was 5822, which also broke SAR_C of 5825. Hence as there is a break in SAR_C, so investors may go for 'stop' and 'reverse' their positions if they have take long positions. But we have to believe a single analysis where SAR method is strictly on trending market but not full-proof.
So what is going to happen on next week ?
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| Pivot Analysis 8th Apr-2011 |
So what is going to happen on next week ?
