NIFTY DAY - I
NIFTY DAY - II
NIFTY DAY - III
- THE DESCENDING BROADENING WEDGE IS STILL INTACT.
- WE CAN ALSO SEE A FALLING WEDGE DEVELOPING.
- LAST WEEK'S LOW IS AT 4842. IF WE GO BELOW THIS NIFTY CAN GO TILL 4825 FOR TODAY. I THINK NIFTY MAY NOT GO BELOW 4842 TODAY.
- WE ARE TRADING BELOW 200 DAY MOVING AVERAGE FOR THE FIRST TIME SINCE 2009.
- BUT THE BEARISH CROSSOVER OF 20 DAY MA BELOW THE 200 DAY MA IS YET TO HAPPEN.
thank you
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