Wednesday, May 6, 2009

Negative divergence played today


Today in morning nifty kept on making higher high but macd was not able to make higher high, and during late trade market started falling and fell more than 100 points from days high.

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Today Nifty reached its trading range target of 3700 and made high of 3717 and
Reliance reached its cup and handle target of 1920 and a made high of 1938

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