January 24, 2015

  • Nifty moving towards its resistance line with Negative divergence in RSI.
  • As price is still in a bull market. The resistance line may give another correction for the bulls to reenter.
  • Weakness only if price sustains below 8626 levels.



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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