Looks like the short rally for the last 3 days is coming to an end… Unless something extremely positive comes up, we might see NIFTY falling sharply along with global markets.
- The first indication is the price action today. See the Candlestick formed at the end of the day on NIFTY Futures
- See the posting below about Euro.
- See the price action of Euro on the daily chart as attached.
- See the euro monthly chart. Notice the trend line, which started by Nov 2005, broke down.
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.
MASTERSTROKES
