Thursday, December 06, 2012

Bottoming Tail !!!

Dear All,

>Click the chart to see on full screen<

Yet another Bullish day, Nifty closed above the channel and candle stick suggest a Bottoming Tail as shown on chart.

Sellers tried to pull down the index failed and later closed above the opening suggest Bulls are still energetic and run more in days to come.

Earlier in my blog I have suggested that since this is a Extension wave many short sellers may get trapped, like it happened today.

Lets see..