Saturday, May 1, 2010

Nifty weekly chart 30 Apr 2010....all arrows to south ...

We are seeing at weekly and daily charts that a gradual downward movement is establishing ...
and in practical we have noticed the same ...
when we are riding our bike moving towards Northward direction and if  will decide to move to South …

First of all we have to apply brakes then a curved u turn and then 1 st ...2 nd and later on top gears....
so here I am observing dilemma....
Being mc rider we are still confused ....but the road of North is quite tuff now  ... so I am feeling that we will select the ride towards south which is a slope ......
but please give it some more time

See interesting weekly chart ......
RSI is above 70 but bullish indicating towards NE Direction ...

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