AUTOMATED TRADING

AUTOMATED TRADING

24 September 2011

NIFTY IS AT CRITICAL JUNCTURE. Nifty EOD chart is shown. The EOD chart turned to sell mode on 27th July 2011, Since then nifty has lost almost 1000 pts till 26 aug. On Wednesday after hitting the 13-13 Wilders Moving average channel high resistance zone 5140-5160 nifty has tumbled again and also has seen the biggest fall ever since October 2008 in this week.  I see more further fall in coming days.
But need to be  very causious at this level. Global volatilities can trap the investers into its JAAL.
Market is falling but ADX is only indicators which is not showing strenth in more fall further. If market reverse from here  may kiss 5345 level.  After breaking of 4700 level may slip to till its lower range near 4610.

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