Nifty correction continues
Nifty Daily Chart
Nifty is forming a wedge pattern as shown in charts and again it formed a Hammer formation which if preceded by a Green candel show it effect and short term trend reversal can happen.
A good upward reversal should close above previous day’s high .
Today FII sold 1500 cores in cash which is not at all a good sign,Brewing tension on Koreans and 2 G scam is weathering Nifty’s bull run.
Today we had a brief fall below 5825 and a bounceback,I have mentioned in Weekly Nifty Technical Analysis that …
Read the full story »
Nifty is forming a wedge pattern as shown in charts and again it formed a Hammer formation which if preceded by a Green candel show it effect and short term trend reversal can happen.
A good upward reversal should close above previous day’s high .
Today FII sold 1500 cores in cash which is not at all a good sign,Brewing tension on Koreans and 2 G scam is weathering Nifty’s bull run.
Today we had a brief fall below 5825 and a bounceback,I have mentioned in Weekly Nifty Technical Analysis that …
Read the full story »
posted by Bramesh at
10:11 PM
0 Comments:
Post a Comment
Note: Only a member of this blog may post a comment.
Subscribe to Post Comments [Atom]
<< Home