Friday, January 13, 2012

Nifty Held at Gunpoint

Gann Level really works,
I am observing very minutely and trying to resolve the mystery of mass thinking. How and why a group of people behave in a common fashion.
  1. Today bulls successfully defended 4847 till 12:30 and after that crowed play it's part and keep Nifty going up.
  2. Around 12:30 Nifty completed it's second leg and was poised to go up,
  3. Around 4880 it got resistance but crowd filled with greed make it even higher and try to touch fire @ 4900
  4. Fifth leg completed and Bears of the market come out of their den to make some profit, selling spree start and Nifty lose all the gains
Note: For Gann level please click the page Gann Calculator

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