Happy New Year

Wishing all the reader's a very HAPPY NEW YEAR.

Nifty

Today Nifty has closed above 50 dma after 27 trading sessions..........so lets see if we have follow through action or it again start showing weakness from here on.

Torrent Power

Torrent Power has be trading in a range between 369-270 for more than one year but now it broke down from this range, so it could now target 175-170.

Nifty :Double Bottom

Nifty made double bottom at 5690-5720 , so now if it could go above 6070 with volume we could see previous highs.