May 20, 2016

  • Crucial support for nifty is the 50 Day SMA Line. Close below this one may tilt the balance in favour of bears.
  • Daily shows a broad range between 7680 to 8000 level. There is a small range within this big one which is stopping bigger moves from happening.


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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