- Bidu near resistance level again.
- Rising support levels may lead to a breakout.
- Bidu will be weak below 50 Day SMA.
- TRIANGLE OF AMAZON
March 13, 2012
- Crossing 5 Week High ema on closing basis should target 5550 and above.
- Weakness only if nifty falls below 5320 levels.
- Nifty futures chart showing recent Golden and Death cross performance. The hint here for a good performance from golden cross is that price should keep a distance from 50 SMA and 50 SMA will also start moving away from 200 SMA then the corrections can be easily bought thus making it a perfect bull market. If the trending move above 50 SMA does not happen then this cross may not perform well.
- Last chart shows India VIX. It's getting support at 50 and 200 SMA, For bulls this level should be broken. getting support here and moving up may not be good news for the bulls in the very short term.
- MCX COPPER DIAMOND PATTERN