UPDATE
Week of 3rd Mar
6312 is the last bastion of Bears and requires to be conquered and surpassed for this rally to fully convince the last standing bear that his days are over. Let us see if Bulls meet their nemesis at 6312 or the Bears.
27th Feb
Today NIFTY crossed an important landmark.
GOLDEN CROSS
It is 61.8% level of the entire Wave D starting from 6415.25 to 5933.30.
Generally this level is considered the most difficult to break if the market has Bearish undertone. Many FIIs, ETFs and HNIs consider cross of this level as an indication of bullish outlook over longer term. And we should see it happening.
Cheer up we could be Bullish longer.
Week of 3rd Mar
6312 is the last bastion of Bears and requires to be conquered and surpassed for this rally to fully convince the last standing bear that his days are over. Let us see if Bulls meet their nemesis at 6312 or the Bears.
27th Feb
Today NIFTY crossed an important landmark.
GOLDEN CROSS
It is 61.8% level of the entire Wave D starting from 6415.25 to 5933.30.
Generally this level is considered the most difficult to break if the market has Bearish undertone. Many FIIs, ETFs and HNIs consider cross of this level as an indication of bullish outlook over longer term. And we should see it happening.
Cheer up we could be Bullish longer.
DAILY CHART
Haha All I m saying is Bears can not hv cake for long. Longs long for it RT @TraderIndian: @Stocktechy u r disappointing lots of Bears ! :-D
— EWite (@Stocktechy) February 27, 2014
.@views_amit @aathithya Crossing Golden Cross does not mean V can not go down. But not deep down. Buying dips likely 2b more profitable now.
— EWite (@Stocktechy) February 27, 2014
No comments:
Post a Comment