January 1, 2015

  • APPLE closed below 20 and 50 Day SMA.
  • Next crucial support levels in daily chart are 100 Day SMA and the recent swing low at 106 levels.
  • Weekly chart too looks bearish for now. Rising 20 Week SMA is crucial for bulls of apple.
 
  • Nifty daily and Weekly chart shows crucial support levels.
  • Price for now is testing the immediate resistance levels of 20 and 50  Day SMA.
  • Bulls need few candles above 20 SMA to resume the up move.
  • Weakness on price closing below 100 Day SMA.
  • NIFTY RECENT UPDATE
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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