Momentum oscillators have broken down and market will give a highly bearish close if it closes below 3280 to complete a double top pattern. Looks like we are heading to 3100 and possibly 2900. Risk is a new high above 3525.
Tuesday, April 28, 2009
A Swift Trade!!!
S&P CNX Nifty looks like a nice sell here. See the following graph -
Momentum oscillators have broken down and market will give a highly bearish close if it closes below 3280 to complete a double top pattern. Looks like we are heading to 3100 and possibly 2900. Risk is a new high above 3525.
Momentum oscillators have broken down and market will give a highly bearish close if it closes below 3280 to complete a double top pattern. Looks like we are heading to 3100 and possibly 2900. Risk is a new high above 3525.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment