Google+ NIFTY BIG PICTURE: LONG TERM BARRIER 3575-3600 ~ NIFTY DEMYSTIFIED

Tuesday, April 21, 2009

NIFTY BIG PICTURE: LONG TERM BARRIER 3575-3600


Hi friends, this is the first post I am adding up on my blog. And for some reasons I feel a longer term understanding is much more crucial rather than sticking with the short term views and getting hurt by the distortion of the extreme volatile situation. Once bigger picture gets clear we can take and trade with various short term levels and strategies. In the above picture the weekly EMA beautifully separating the phases of the market as u can see. And its clearing saying (taking previous occasions into account) 3575 is the main level (the big two EMA is converging). So my positional level for another fresh breakout for intermediate term is 3575. And now, lets look at a another chart.


The projection of corrective on the daily chart also implying 3575 as a top heavy place. So even if we do manage to cross the 3514 high in nifty future, don't be impatient. Do keep close eye on 3575.

Lets start a enjoyable and learning ride friends. God bless.

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