Wednesday, December 19, 2012

Nifty resisted @ 80% of last fall @ 5939.


6 comments:

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Prakash C said...

Good evening Master

today Ns Gained 32.80. But NF up only 13.60. and the 5800 CE also gained 10 points only. Any reason for this?

Bullish Cartel said...

hasnt the slow macd turned up y no green arrow,if some one could tell me plz

durga said...

@PRAKASH,
yours is a valid observation.we may not know the rasons.but it will indicate initial fall?correction at the start of the day.
also i observed lack of momentum after JNSAR LONGS were hit.
but the TT is green.also as master said 5900+-10 is protected.
market always confuse the players by giving mixed signals.that emphasizes the need for adoption of a strategy built on personal prferences.ALL THE BEST.

misnomer said...

Massive bearish gartley for Nifty completes at 78.6% retracement of the whole fall from 6338 to 4532 at 5951 (point D). On the monthly chart the whole pattern is a 'W' pattern which calls for a medium term top with SL at 6350.

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