January 28, 2011

Nifty Knocking the doors of bear market

  • Nifty closes below 200 DMA first time after may 2010.
  • Weekly chart is showing a possible bearish engulfing pattern, which will get confirmed today if the week closes below 5648. Last two bearish engulfing patterns showed in chart has given good gains.
  • Bulls will try to stay above the trend line in weekly chart. failure to stay above it may push nifty down to 5350 levels.
  • SILVER DESCENDING CHANNEL

By at

3 comments:

  1. wormwood34January 28, 2011 at 8:36 AM

    hi san GM
    is it 5648 or 6048

    ReplyDelete
  2. SanJanuary 28, 2011 at 8:53 AM

    sorry its 5648

    ReplyDelete
  3. ksriniwaasJanuary 28, 2011 at 11:41 AM

    Dear san sir,
    Are you conducting any TA trainning if yes plz give me the details.
    ksriniwaas@gmail.com

    ReplyDelete

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