Wednesday, July 16, 2014

Update on Nifty Spot

f-leg is moving well and has crossed the trend-line resistance of 7560-7580. Three bull candles happened. Tomorrow little caution needed.    38-65 points maximum correction  has happened till now, so any fall of 38-65 points have to be bought till bias changes from positive to negative.  F-leg can go anywhere though 7800 is a substantial resistance.   20-22 days cycle is there for the long trends,  this is only 3 day old trend.  

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