Wednesday, March 21, 2012

Nifty reverses from 50DMA, short of triggering upward momentum.

A decisive move past 5374 & 5391(Wk & Mth's pivots) is required now as Hour TA has almost come to overbought zone.
For the day the decisive move past 5268,Day Pivot, produced a century.

3 comments:

SANPOT on March 21, 2012 at 6:13 PM said...

Sir so addicted to your blog that could not concentrate on the markets since 12.30p.m. and was
anxiously waiting for your post and now felt releived.

Dinesh Rishi on March 21, 2012 at 6:15 PM said...

JN comments section working fine now

venkatapathy l on March 21, 2012 at 6:17 PM said...

The candle is Real long green body. Shows the strength of the bulls.

If the market happens to fall from here the support will be lower half of the candle and the tail. i.e., 5256 to 5316.

LV

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