Thursday, May 17, 2012

17052012


Nifty gaped above the PDH. Generally after the morning spike there are two possibilities.1) break above the spike will fail and market will reverse.2) Price will move in a channel.
BPB of PDH gave a long signal. after which it channeled. Second opportunity was the BPB of BRN, FTC at PDC gave a CT signal but failed. TST of PDL moved well.

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