Tuesday, January 12, 2010

danger signals ??

It is very difficult to believe but, one day can change the seemingly rosy picture into a gloomy one.may be , we are witnessing the same thing now.
our market has become so big that, so many times its not easy to predict a move purely on the basis of eod charts...intraday charts, become too crucial to find out the twist and turn of nifty.
very rarely it happens, that one banking stock is getting buy calls and few other banking stocks are geting sell calls, and BOTH..proves to be successful...all this is happening ,now.

readers must remember, that,i had posted the nifty chart, with a possible upmove, was with a trendline.today its intact,,narrowly escaping a break.
a bearish close tomorrow,,wll put either a fullstop to the upmove, or atleast a waiting period,,will
be there.

No comments: