Friday, November 12, 2010

Daily Nifty chart showing that Nifty closed below 20 DMA with volumes

Daily Nifty chart showing that Nifty closed below 20 DMA with volumes ..MACD histogram moved below zero ..50 DMA is at 6020 ...so either Nifty spot will consolidate  here or may bounced up ...rsi  too reached at 50 ..indicating dilemma...
yesterday's prediction ...
http://dhanvarshagrp.blogspot.com/2010/11/nifty-daily-chart-showing-long-red.html
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