Total Pageviews

Sunday, January 8, 2012

Nifty and AUD/USD charts ( updated charts and Views)

 Jan 10 ::----Bears still have hopes . Nifty futures resisted at the trend line . Also thats exactly 50% retracement. Bollinger bands are also touched.  Pattern of a falling wedge . But 1 more wave down looks more possible to complete a 5 wave down move.

And the carry AUD/USD pair chart . That risen very high and so we are seeing this rally. But the hourly RSI is overbought . Also touched important resistance line.

I am at a loss position in my SHORTS. But i will be holding till this FRIDAY. Atleast 4690 should be touched again if not lower.


My best guess . Nifty is doing the TRIANGLE as shown below . So i will target 4640 first.

To support my bearishness , AUD /USD pair has broken  important trend line support and should be going down for a couple of sessions more. Also moving in a down ward channel.

No comments:

Post a Comment