Wednesday, December 30, 2015

Below 7920 or 50 DMA - Bear Sign ???

Dear All,

>>> Nifty Daily - As Posted Yesterday <<<

>>> Click the chart to see on full screen <<<

Posted Yesterday - Hanging man - may be an Trend changer. See what happened today.

>>> Nifty Daily - Happened <<<
>>> Click the chart to see on full screen <<<

As expected and posted yesterday, Price not able to cross above 7945 and also can't hold 50 DMA. If price continues to trade below these levels, Price may see heavy selling soon. Caution. Cheers!!!