March 11, 2014

  • Bulls of SPY Will remain safe as long as price stays above the hourly cloud.
  • Price is trading in another bullish rectangle in hourly chart. Close above 188.96 will extend the up trend.

  • Bank nifty is nearing the recent swing high and 78.6% fib level. Recent attempt to clear this Fib level had failed. USDINR Too is testing a crucial support zone.
  • Bank nifty Bulls need The support zone of USDINR To be broken for the current up move to continue.


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"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