It looks like NIFTY is heading for a Spiky day tomorrow. Why do I think so? Look at the chart. Here I have eliminated the "Panic Bar", shown circled, then assess the Chart pattern. I have drawn a horizontal line at the recent top. In addition, a vertical line is drawn at tomorrow's position. You can see that the trend line of the chart pattern, the horizontal line and the vertical line matched. That is the point which is having the highest importance. If NIFTY cannot sustain above this crossover point, then the lethal machine could come into action. Anyways, Now NIFTY is at Pre-Panic level
Tuesday, December 1, 2009
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.


