Will Nifty Bounce Back after Crash

By | December 9, 2010 12:26 pm

Monthly Chart

5 Monthly EMA@5750 if broken we are heading towards 5500

Nifty Weekly Analysis given on 6 dec[Click on Link and Charts to enlarge]

Weekly Chart

Near trendline support and there is lots of panic in market am advising all my readers to use this oppurtunity to deploy cash because bounceback will be fast and furious.

Daily Chart

All are self explanatory charts

Support at 5750,5697 and 5627

Mid Cap Index is down 10% from November Low while Nifty has not breached the low.

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