February 04, 2009

Nifty EOD Chart 04-02-09

This is for education purpose only and may not be useful for trading

Daily charts: Markets now rangebound for over 16 trading days .... alternate up/ down days with gaps highlight precarious nature of markets.
2 day swing indicators are likely to whipsaw in the short term.
Weekly charts: rangebound between 2600 and 3150.
20 day swing : in sell mode (SL 3150). The earlier BUY signal has failed.

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