Sunday, August 29, 2010

NIFTY 29.08.10


NIFTY DAILY CHART :

RSI( RELATIVE STRENGTH INDEX) : 


BREAKDOWN :RSI HAS BROKEN THE LOWER SUPPORT LINE AT 52 LEVELS 


DOUBLE TOP : RSI HAD MADE DOUBLE TOP ( "EXIT") WHEN NIFTY WAS AT 5540 AND 5550 LEVELS .

WILL HISTORY REPEAT ITSELF?? :


SIMILAR DOUBLE TOP IN RSI WAS LAST SEEN IN APRIL 2010 WHEN NIFTY HAD REACHED 5400 AND WE CRASHED TO 4800 LEVELS

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