Weekly Chart
I'm not a fortune teller
I won't be bringing news of what tomorrow brings
I'll leave that up to you
I'm not a fortune teller
Don't have a crystal ball
I can't predict the future
Can't see nothing at all
I won't be bringing news of what tomorrow brings
I'll leave that up to you
I'm not a fortune teller
Don't have a crystal ball
I can't predict the future
Can't see nothing at all
Luv this song . You can hear to it here http://www.jango.com/music/Maroon+5?l=0
Luckily we have technical analysis for the Nifty which helps us know the probabilities of Nifty's movements in the future.Last week saw a huge fall and the return failure to the resistance line of the rising wedge shows weakness. Read my earlier post on the rising wedge here http://vipreetinvestments.blogspot.in/2013/04/reigning-nifty-possibilities.html
The fall from November 2010 high of 6338 took 14 months whereas the rise is already 17 months old and has made a lower high 6229 indicating the rise from 4531 is indeed a corrective move.This increases the chance that a top may be near and forming.
Write to vipreetsafetrading@gmail.com for daily newsletters on Nifty,Bank Nifty, S&P500 and Gold.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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