Tuesday, September 14, 2010

Daily Nifty chart with analysis

Shaded portion is showing  that nifty  is trading in highly overbought zone since 4 sessions ...today nifty  opened out side the upper bollinger and closed well below 43 points of days  high ...so the last candle is looking like shooting star in overbought zone .... will we see more doji   and shooting stars ???

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