January 7, 2017

  • Nifty day is showing negative price action at 200 Day SMA. More weakness if price falls back below 50 Day SMA.
  • 2118 and 2228 are crucial numbers for bears to close below to gain momentum.
  • For bulls crucial numbers to gain lost momentum are 8274 and 8306. These are last month and current month High Numbers.
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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