January 21, 2017

  • Price action shows weakness at 20 Week sma.
  • Daily chart shows possible support at the GAP and 200 Day SMA. Bigger weakness if these levels are not held.
  • Last chart shows price testing cloud base in one hour time frame. Nifty bears need price to stay below the cloud for bigger correction to follow.
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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