equityresearch
Equity Research
This*has*been*a*strong*weekly*closing*for*the*indices*as*the*Sensex*jumped*3.7*%*and*Nifty*jumped*3.2%.*On*a*weekly*chart*the*nifty*has*been*making*higher*top*and*higher*bottom*formation*clearly*suggesting*a*major*up‐move*in*coming*days.*Markets*have*been*consolidating*above*the*4770*mark*for*quite*some*time*as*this*level*is*the*61.8%*Fibonacci*retracement*point*from*the*Jan’08*top*of*6357*to*the*low*of*2252.*
http://www.nirmalbang.com/Upload/Morning_Call_140909.pdf
http://www.nirmalbang.com/Upload/Morning_Call_140909.pdf