Tuesday, January 10, 2012

Nifty Arc and SMA

Time will only unfold the following possiblity, I am putting my efforts to read Nifty ahead of time
If history to believe then Nifty is getting ready for sharp decline again
  1. Slow stochestic is in oversold zone
  2. 50 SMA approching (though it is not very strong resistance)
  3. Fib Arc may provide resistance as it does in past
  4. Time spend between last two decline are equal now 
    1. 28 Oct to 7 Dec total 26 trading days
    2. 8 Dec to 11 Jan 26 trading days (will history repeat)

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