MY ANALYSIS

Monday, 25 June 2012

NIFTY

PRICE IS FORMING INVERSE HEAD AND SHOULDER. JUST WAIT FOR BREAK OUT WITH RSI CONFIRMATION.
TRIANGLE IS FORMING IN RSI 42 AND 14 IN HOURLY CHART
 POSSIBILITY OF CROSS OVER IN EMA 50 AND EMA 20 IN DAILY CHART.
 THIS IS ONLY POSSIBILITY OF BEARISHNESS.
PRICE IS AT LOWER BOUNDARY IN DAILY CHART.