Thursday, December 9, 2010

Daily Nifty chart .. with analysis

Daily nifty chart is showing that down side momentum geared up today ..Nifty closed below 5800 ...macd turned bearish .rsi repelled  from center line . macd fast signal line crossing  down the slower one..even 100 DMA support which was at 5823 has been  broken today..w 5% r is hitting at 80 and cci at -100 ..only these 2 hopes are left for bulls.
other wise more down side won't be ruled out ...
only tomorrow's close above 5823 will give some breath to bulls...

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