Sep 19, 2010

On weekly chart, price is way above the cloud but the cloud span B is catching up fast with span A indicating anytime cloud changing can take place...which means selling ..bringing the price candles downward ...watching 9 EMA can be interesting....

On daily chart, my two cents are..
selling can be witnessed anytime as the Span B line is slowing and trending down...indicating shift ...

Overall, bullish scenario continues with mild correction expected near time ...probably from Gann date of Sep 21 ....
at
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2 comments:

AAR VEE said...

Hi Sri,

Hope ur compu is taken care of.
Nifty seems to be on 'cloud' nine.
Evreything that goes up should come down but the question is 'when' and by 'how much'.will wait for ur astro-input in view of this rally and old high/new high coming.

regards
RV

2:15 PM
sriganeshh said...

Hi RV,
Retrograde Jupiter is most benevolent in his own house..during retro period, corrections will be mild and real action may be during mid december when Jup turns direct. Further the time coincides with year end christmas bonus time also for FII

11:10 PM

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