Saturday, January 8, 2011

a nice pullback favoring bulls, only above 5930 ..

Weekly nifty chart closed making bearish engulfing candle with RSI pointing to South east but a nice relief for bulls is still there that it is closed just below 20 week Moving average with maximum Scrips trading at oversold zone therefore  a possibility of a nice pullback favoring  bulls can not be ruled out only above 5930 ...below it bears will dance ..

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