Sunday, January 31, 2010

Nifty Weekly Chart


Since April 2009 weekly nifty has close for the first time below 20 dma, looks like we are headed for some more down side in coming days (i am expecting a bounce in this week at least).
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2 comments:

  1. harkara.blogspot.comJanuary 31, 2010 at 9:27 PM

    so chartwise, it looks like downside in the coming days but ur personal feeling is that we may see a bounce back this week??

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  2. RenuFebruary 1, 2010 at 8:18 AM

    Hi harkara,

    i am not expecting bounce because my gut feeling say so but because market internals are showing me an oversold market.

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