Friday, July 10, 2009

Important Update: Nifty Completes Head and Shoulder

Nifty and Sensex have completed head and shoulder patterns. The target for nifty is 3600. While shorting is still best avoided, it is certainly advisable to exit longs at these levels. Detailed analysis will follow after weekly close today.

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1 comment:

Ajay Mishra said...

I got that one completely wrong as it turned out to be a whipsaw.and the rally afterward was as strong as it is expected to be after a false breakout.

January 5, 2010 at 10:35 PM

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