Nifty mauled by bears Will BUlls comes for rescue?
Nifty Daily Chart
Nifty Daily chart post a grim picture we have broken 200 DAM and sustained below it for 2 days.Medium trend charts shows break in trendline from the rally started at 5460 levels to 6100.
RSI is oversold and MACD is also giving bearish signal.Whole street is bearish and looking at the way dow closed and Riots in Arabian countries which can effect the geo-political set up can add more fuel to fire and we can see more blood on street in coming week.
Till 5460 is protected rally can move …
Read the full story »
Nifty Daily chart post a grim picture we have broken 200 DAM and sustained below it for 2 days.Medium trend charts shows break in trendline from the rally started at 5460 levels to 6100.
RSI is oversold and MACD is also giving bearish signal.Whole street is bearish and looking at the way dow closed and Riots in Arabian countries which can effect the geo-political set up can add more fuel to fire and we can see more blood on street in coming week.
Till 5460 is protected rally can move …
Read the full story »
posted by Bramesh at
2:32 PM
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