July 3, 2016

  • Nifty daily time frame shows a Golden cross in play. Last Golden cross gave good gains for Nifty bulls.
  • 2nd chart shows weekly chart testing crucial swing high around 8336 levels. Price if pauses here can give negative to sideways movement.
  • Daily close back below 8285 levels may also result in bearish price action


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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