My blog tries to Analyse the trend and patterns of stocks, Futures, Commodities and Forex Markets
June 9, 2015
NIFTY Death cross and support at the Neck line
The Death cross and Head and shoulders shows bigger bearish possibilities. But the neck line with an Oversold RSI may give a possible bounce in favour of bulls. Bulls need a bullish candle here or at the neck line to confirm strength.
Bears gets more strength on a weekly close below 7961 level.