Wednesday, June 16, 2010

MACD & Price on NIFTY tick down.

Value zone moves up to 5202-5164. MACD Histogram shows that bulls are shying away from the market at present, though bear presence is negligible bulls are not willing to commit fresh exposures. Any small negative sentiment will have its impact here. Trend follower have a close watch, swing traders await long trades, in fact we are directional about the next trade. Either we have a position if market moves into value zone.

 

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