April 15, 2010

NIFTY DAY CHART - I
NIFTY DAY CHART - II
  • MACD day has given a sell
  • 5 EMA - 7 DMA cross has not confirmed yet
  • 5180 is a good support zone.
  • An important trend line shown above is not yet broken.
  • Bears will be stronger only below 5180.
  • 5230 is a minor support zone.

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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore