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Saturday, February 11, 2012

Nifty :Double TOP ??

This is the futures chart . Stopped exactly at the 50% retracement level.

FII sold huge in INDEX FUTURES.

Dollar futures  is finding good support at 50% retracement at 78.43

The DEFTY chart below. It has actually been falling for the  past couple of days. Could be going down for a probable right shoulder.

One more addition . The AUD/USD. Certainly changing course.

Nifty touching the lower support of channel that we broke last year....

 SEAT BELTS??????? If I were you , I would be reaching for the chair right about now..( the below is not my chart though)

Even BANK NIFTY is right at 50% retracement .....

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