Tuesday, January 26, 2010

Nifty Bruised And Oversold....Time To Pullback A Little???

I'm reading: Nifty Bruised And Oversold....Time To Pullback A Little???Tweet this! Posted by Trade Less Trade Smart at 9:23:00 PM

1 comment:

  1. AnonymousJanuary 27, 2010 at 4:30 PM

    Manoj,
    I was also thinking of little pullback however HARAMI Pattern on daily chart was a false signal

    Selling pressure was very high. All weekly, daily, hourly were in downtrend today


    Conclusion: Trade with major trend (daily in context) and pullbacks may or may not happen.

    I am eagerly looking for what tomorrow brings (its FNO Closing).

    They can show a small pullback, pause before short term trend or resuming weekly uptrend with LONG BULLISH candles (No point in guessing)

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