Thursday, August 13, 2009

Nifty follows up with a strong upmove.

Gapped up & closed above all short term averages. More such moves are possible..

"Week High ema" is the last hurdle for the bulls with a Friday close above that.
The strong momentum of yesterday continues without hesitation..

Two possible scenarios..4700 becomes the critical point.

No comments:

Post a Comment

Elliot's Impulse waves.(Part-5)

IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....