Thursday, January 6, 2011

Nifty daily chart ...we are seeing that momentum is reduced and bulls are in action

Nifty spot get supported by 50 DMA and bounced from  there ...we wrote yesterday ...
http://dhanvarshagrp.blogspot.com/2010/07/gravestone-doji-and-shooting-star.html
now we are seeing that momentum is reduced and bulls are in action   put writing is half with compare to calls so  further fall wont be ruled out ....next fib level is 6008 ...it made low of 6022.30