Entries Categorized as 'Technicals'

Nifty Goes Above The 200 DMA, Faces Resistance

Date February 1, 2012

The Nifty crossing the 200 Day Moving Average today, ending at 5,236 and breaking back up after exactly 9 months (the cross-under was May 1, 2011). Maybe it was a pregnant bear market. (Click for larger picture) Even the technical chart shows that we are at an inflexion point: The current level is just about [...]