Saturday, October 31, 2009

IT Index reverses after severe Negative divergence..

DEEPU: Thank you for drawing my attention to IT stocks- Next to fall..!
CNX IT Index - Daily:
Confirmed a sell. Write Call options; Buy PUT options; Sell the Futures and hold through the Nov. Series.

Wipro-Week: Sell signal after Negative divergence after a year of uptrend. SELL...

Wipro-Daily: Just broken a major trendline support after showing series of Negative divergences. SELL..SELL..

Though other IT stock charts are not shown here, SELL them anyway.

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