Simply Intelligent Technical Analysis and Trading Strategies
One thing is clear if we close below 4800 then it is a cloud breakdown as per ichimoku weekly charts. And also the Cofirmation of 5/13 Week EMA crossover. All the above factors indicates a long term downtrend confirmation if Failure to Close above 4800 and also above 5000 by tommorow(As the week ends tommorow!)
Related Readings and Observations
5/13 EMA Weekly Crossover likely to happen in Nifty – 3 Feb 2010
Ichimoku Weekly Cloud Chart for Nifty, Shangai Composite and Hang Seng -2 Feb 2010
The Original Path of Nifty is …
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Marketcalls is likely to migrate from Blogger to Self Hosted Wordpress platform with lot of interactive functionalities. Site will be under maintenance mode during the migration as marketcalls users cant access the blog during the maintenance mode.
Outage Duration Between 12.P.M(7 Feb 2010) to 6.A.M (8 Feb 2010) – 6 hours outage
Update @ 12.35 hrs
Activity Postponed today and will be planned later.
No Outages today.
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Finally very high open interest builtup in 5000 CE Feb seires as expected.
It symbols 5000 calls are strongly written by call writers. Which indicates
that option writers for time being considering 5000 as strong resistance point
Related Readings and Observations
5/13 EMA Weekly Crossover likely to happen in Nifty – 3 Feb 2010
Source:
www.marketcalls.in
[youtube=http://www.youtube.com/watch?v=H4YQonwQUDs&hl=en_US&fs=1]
A harmonograph uses uses three pendulums, which creates some pretty complex and cool-looking patterns, even better than the clear plastic spirograph we used during our school days
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