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Thursday, July 21, 2011

NIFTY Updates INTRADAY

Nifty CHANNELING. Waiting for it to HIT that Upper Trend line at around 5640 , at which point I SHORT again.


As i had suspected , we return after HITTING that line . I am SHORT now.


Actually we saw a slight BREAKOUT . Now we in for a NICE TRIPLE TOP(http://thepatternsite.com/tt.html).



The VIX  near TREND LINE. ANother Clue we might see a nice down move in the NIFTY and an UPMOVE In VIX  from here on.






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