Pre-Market view
diagonal wherein sw5>sw3>sw1,I am expecting Nifty to begin its downmove now.Please have a look at yesterday's Nifty page(link given below)
Nifty Page:21.08.2012
Stop loss for shorts at 5445
EOD 22.08.2012
Gap-down open followed by very sharp upmove was the first indication of Nifty's continued refusal to show weakness. Yesterday's high was breached ,though negative divergence vis-a-vis RSI-14 was again re-affirmed. Traded below Hourly Trendline almost throughout the day and in the last hour some price-wise weakness was also seen but confirmation would come only with formation of lower low and lower high which was not seen today.
No comments:
Post a Comment