Wednesday 21 August 2013

Breakdown !?


Nifty daily chart



In today's trading session Nifty has breached a long term trend line support . Now technically speaking there should be a major fall of 300-400 points . This is not the time to buy as there are greater possibilities of further fall . 

Nifty medium term trend

 

Trend  Down
Initiation Date 30-07-13
Initiated at  5755
Low since change 5268

 

Thought for the day

The remedy for weakness is not brooding over it , but thinking of strength . Teach men of the strength that is already within them.


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