DIG DEEPER TO FIND WATER & NOT WIDER -P.M.PATEL

Friday, October 23, 2009

Nifty Wrap 23.10.09







Today after continous 4 down days nifty formed a green candle on charts but it was an inside day. so indecisiveness still pertains untill it breaks 4920 (for shorting) otherwise it can continue its uptrend.
It was expected by me that after 4 continuous red candles nifty may form today a green candle. (but was not sure - so from next time i will be careful)

Swing technique acted perfectly today for intraday.












Interestingly.
LICHSGFIN outperformed today nifty. and went other way compared to nifty.
here is 5 day charts of nifty and LICHSGFIN








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