NIFTY Outlook for 22nd Jan 2009

Yesterday (21st Jan), we had a decent fall on NIFTY. Seeing that it is fairly close to the rising green diagonal line, perhaps we can look forward to a bounce. Another very interesting fact is that NIFTY has reached the apex point (time-wise) of the triangle. Very often, we see reversal occur when these points are reached. Should be an interesting day for NIFTY.