Friday, October 9, 2009

A TREND DECIDER ZONE ESTABLISHED



After some confusion,,i have been able to analyse nifty a little better today.a very clear trend decider zone is established now. a move of nifty future below 4972.should give short traders a 100 points down move upto 4872..with a pause/supports at 4915 (will have to look at it ,how nifty behaves at 4915)...BUT a close above 5052..may again create possibilities of another leg of an upmove.


volatility has been in place and different stocks have started to move in different direction very fast.so for a top to have been placed nifty future must not close above 5052.

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