NIFTY SPOT CAN TOUCH UP TO 5600 - 5700 BY NOV 2011 - DEC 2011

NIFTY SPOT CAN TOUCH UP TO 5600 - 5700 BY NOV 2011 - DEC 2011 :-

NIFTY SPOT TREND FROM APRIL 2011 TO OCT 2011

 "W" PATTERN HAS SHOWN IN ABOVE CHART OF NIFTY SPOT FROM APRIL 2011 TO OCT 2011. "W" PATTERN OR "DOUBLE BOTTOM" PATTERN SHOWS THE BREAKOUT MEANS TO SAY THAT THE PRICE MOVEMENT IS TRIED TO GO LOWER TWICE, BUT IS FOUND SUPPORT EACH TIME. AFTER THE SECOND BOUNCE OF THE SUPPORT , THE STOCK / INDEX ENTERS IN NEW TREND AND HEADS UPWARD.

NIFTY SPOT HAS MADE THIS PATTERN MEANS NIFTY SPOT HAS ENTERED IN NEW TREND AND HAS GIVEN BREAKOUT FOR UPWARD MOVEMENT.