Monday, February 22, 2010

4950 resistance still holding on Nifty

Nifty is vey volatile these days...gap up one day followed by gap down the next day...VIX which is an indicator of fear is currently above 31...

4950 is still holding as resistance...my overall view is still bearish...a close for 2 consecutive days above 4950 would change my view to bullish

The next few days could be extremely volatile

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