Daily nifty chart is showing that after gap up above 50 dma it remained above it and closed near days high...but upper trend line and smaller candle with gap up signaling that possibility of one more down side candle...reason tomorrow is week end ...expiry volatility started and reduction in open interest is indicating weakness in up ward move...will we see today's candle as evening star ...rsi too below 50 ...
http://dhanvarshagrp.blogspot.com/2011/03/discarding-of-technical-signals.html
| Tue-22/03/2011 | 5402.0 | 5448.6 | 5387.6 | 5434.15 | 365,611 | 21,906,750 | -290,150 | 271707.5 | 5413.85 |
| Wed-23/03/2011 | 5415.0 | 5504.5 | 5415.0 | 5500.25 | 402,404 | 20,743,300 | -1,163,450 | 275012.5 | 5480.25 |
| Thu-24/03/2011 | 5516.0 | 5553.45 | 5510.1 | 5545.8 | 302,179 | 18,359,900 | -2,383,400 | 277290.0 | 5522.4
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