Thursday, August 19, 2010

Closing below the trend line.

 

To update, 2000 NN is still in SHORT mode.

 

Rel capital and Tata Steel TTI signals are still in SHORT mode. Maruti, is still in LONG mode but show weakness.

 

You may recollect the chart I posted today. A zoomed view is given herewith. You can see that, even though NIFTY spiked above TT, it has closed below it.

 

Rgds

 

 

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