Sunday, April 17, 2011

DEATH CROSS OF NIFTY

Nifty chart is showing death cross in last month, whenever time permits  will post about what is meant by death cross, golden cross and what r its implications, will b explained by proper charts.

If possible will try to explain how market changes its mood in same post!

Right now nifty is consolidating in the range of 5700-5950, so there must b people on bullish as well as bearish side. Long term investors can hold there holdings with proper stop loss while short term traders can trade the above mentioned range untill there is clear breakout or breakdown.

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