Friday, June 8, 2012

Importance of 200 DMA

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Nifty halted it's bulls run just before 200 DMA. It seems it will again respect this limit at least for today.
ADX is suggesting more consolidation with bears having upper hand. MACD is still at way to suggest buy.
My target is achieved, hence I would suggest if you are still long, keep strict stop loss.

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