“BEARS ARE CORNERED. THE REVERSAL COULD BE POSTPONED”
If the investor behavior is to buy with bad news, having the knowledge that Bankers are supporting the equity market every time there is a threat of a potential top, how can bears culminate a reversal pattern?
But…
Last two Trading Secessions, We are enjoying selling at 5838-5844 and Profit booking 5800 around…,
See update of 22 April 2013 : Lower Top Trend Line at 5840-5851
Let’s move to the Nifty Future charts.
Today, The next resistance is located at the 5886-5909, if crossover 5855 as mentioned in chart. Click on chart to zoom…
Maybe if in the next few days, Nifty future break 5800 and trade below it…then it will be short term downtrend…
SGX Nifty trading much higher…
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