Wednesday, February 27, 2013

A ray of hope in Nifty daily chart ?



Follow up to yesterdays's selling din't happen.. with a little bounce in Nifty ... though it din't change the overall weekly picture - which still remains quite shaky ( for the bulls, of course ! ) - is there any slight ray of hope as seen in the daily chart ?  Well, a hammer in the chart and a clear positive divergence in the stochastic, indicates so.. though we are not changing our opinion ( as posted yesterday ) ..

Friday closing remains an interesting observation... before that high volatility tomorrow in the B-day ?

Stay tuned for more updates !

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