Monday, 24 December 2012

Nifty Page: 24-12-2012(EOD

Listless day.
A new low below 5823 HAS to form.
Question is whether it will be done after revisiting 5939(or minimum 5895)
or straightaway from here.
At Friday EOD,a gap-down on Monday i.e. today was looking imminent but it did not happen so scale becomes even again. Two Probable  patterns are:

Probability-1


Probability-2


On Daily Chart,the fruit is looking so ripe with 5/10 DMA  and MACD 12,26,9 bearish cross that I am wondering why it is not falling--

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