August 19, 2011

NIFTY Moving towards the lower Band

  • Month chart shows pain for bulls is not over.
  • candle is moving towards the lower Bollinger band in month chart.
  • Day closing below 4880 - 4900 level will increase chances of this happening during this month itself.
  • For bulls to be saved during this expiry they have to stay above 4900 at least.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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