Monday, December 3, 2012

Nifty corrects intra for averages to do some catching up...


6 comments:

SAM said...

Ster came out of yearly downward trending line with huge volume and closed above 200 days ema... 103-104 strong support zone..

SAM said...

hcl tech looks like 660 is short term top more upside only above 660 ... expect some retracement..

Prithvi Yashashvi said...

A weekly MACD and RSI chart of both indices shown
Some weekness in coming days.

So can we accept fear at this stage for expected picture with unexpected move to come down????

rajiv malik said...

http://www.vfmdirect.com/forums/show.cgi?topicid=1354267313#1354581273

what does this chart say ? how would you read it ? does the market look pretty overbought ? how long can it continue to be this way ?

rajiv malik said...

friends,

further to my post above, would be relevant to have a look at the following chart as well-

http://chartfeed.icharts.in/ShowChart.php?chartkey=e01a8e64cbdba0bf2e6169879a55bf4e&symbol=NIFTY&period=Daily&log_chart=1&color_bars=1&chart_type=LINE&chart_size=900&period_type=P&pr_period=1Y&id_res=&uind1=SMA&uind1_param=50&lind1=Vol&lind1_param=&lind2=RSI&lind2_param=14

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