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Tuesday, August 9, 2011

NIFTY Updates

Nifty is finding it HARD to cross that 5197. That was the low from where we had that MASSIVE rally last time. That RED line needs to be crossed by the BULLS. It looks tough now for BULLs as shortterm IMPOTANT technicals already overbought. We should DOWN move soon enough. Thus down move might target 4862 or even 4771. Charts below.

The RED line , if taken out , will give faster FALL.

1 comment:

  1. we've almost achieved both your downside targets, so where to now?