Thursday, August 9, 2012

Nifty shown early sign of down move

Nifty has shown sign of down move
  1. Nifty touched Monthly pivot and coming down
  2. Corrective move seems complete at 5377
  3. Bollinger band upper band could not be crossed
  4. Nifty created shooting star at top of a rally which is very bearish
  5. Volume is still missing at higher level

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