nifty will consolidate between the range 6000 to 6350

[v'nod47]

Hello traders,
Nifty is consolidating between the range 6000-6350.Unless it breaks 6350,it would remain in this range only. But we can hope in last week of April 2014,it would be above 6400.
In the 2 years weekly chart, MACD, SLOW STOCHASTIC,AROON UP/DOWN,MONEY FLOW INDEX,ADX all are in the positive territory.This indicates that Nifty won't break its uptrend at once, but it would take time to cross 6400 level.
Bye

 

[jagankris]

Hello traders,
Nifty is consolidating between the range 6000-6350.Unless it breaks 6350,it would remain in this range only. But we can hope in last week of April 2014,it would be above 6400.
In the 2 years weekly chart, MACD, SLOW STOCHASTIC,AROON UP/DOWN,MONEY FLOW INDEX,ADX all are in the positive territory.This indicates that Nifty won't break its uptrend at once, but it would take time to cross 6400 level.
Bye

Don't hope just follow the price - hoping,predictions and wishful thinking are the root cause of traders loosing money.