June 17, 2010

Nifty's expected path towards bear market

UPDATED CHART

  • Nifty is in uptrend in daily chart.
  • But i feel this will end soon near 5300.
  • The right shoulder of the head and shoulders pattern has started forming.
  • By keeping 5330 as stop loss one can start shorting in small quantities when nifty touches 5280-5300.
By at

2 comments:

  1. AnilJune 17, 2010 at 9:14 AM

    nice analysis, for patterns your visualization is really good, i must agree..good work...

    ReplyDelete
  2. SanJune 17, 2010 at 9:21 AM

    Thanks anil. But lets see if it works

    ReplyDelete

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