Wednesday, March 27, 2013



However a down fall expected on Nifty as mentioned in previous posts. Nifty has corrected a bit more. Nifty is now trading below 200 DEMA. However it happened once in last one year where nifty corrected to 50% retracement levels on 27 - Aug-2012 and bounced back from below 200 DEMA levels. I expect the same thing now. Nifty may bounce back from the levels of 5604 to 5600 in a day or two. Having holiday before expiry, Nifty may show the trend in a day or two.

RSI shows Positive divergence and Stochastic and MACD shows that the market is over sold.

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