Thursday, June 17, 2010

NIFTY shoots up breaking resistance

NIFTY breaks 5250 resistance with force and there…. Comes an uptick again, this time with a New High on the present bullish move, but as we have written in our earlier posts macd histogram is still below zero. This indicates that the bulls are absent, as long as the market continues with uptick our position holds good. Once a down tick comes in, we close long below low of the down tick bar.

Trend position has hit 235 points peak gain, we can see many trend followers smiling…….yes its real joy. Thank you fellas, enjoy this wonderful bull ride.

No comments:

Post a Comment