Nifty Weekly Chart

This downward moving trend line is really turning out to be a tough nut to crack for nifty.

Infosys

Infosys has made a head and shoulder pattern.........if the neckline is broken with volumes the stock could target 2470-2330 .

Polaris

One can short Polaris for a target of 184-185......stop loss above 198.
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Update 19/04/11
Stop loss hit

Nifty Weekly Chart

The Upper trend line is resisting nifty for last three weeks.

Nifty

Nifty is getting resisted by downward slopping trend line again and again ............lets see whether we are able to move above it convincingly this time or not.

Nifty Weekly Chart

This is follow up chart of last week...........and we could see that nifty has clearly broken out of downward moving channel............so now we could see nifty scaling previous highs in coming months.