Sunday, May 26, 2013

why nifty traded in green zone for more than 5 hours

if  market  pundits are so confident that nifty will move below 5900  then why nifty  traded in green zone for more than 5 hours out of 6 hours trade on Friday …..


and it was predicted well in advance that nifty will recover …


EOD nifty chart is showing that nifty is trading at crucial level at 5960 ..we are spotting double bottom …huge volumes may be counted as selling climax also … falling stopped just  above 38 % fib retracement…  pivot point …falling trend line …1 more uptrend line …we can say cluster support is here …not very easy to break … if these this all is  true then  no FRY day effect will be there and we will see either range bound trades in 30- 40 points range 5950 6000 range or smooth recovery today…


niftygreen



why nifty traded in green zone for more than 5 hours

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