September 19, 2014

Weekend update

NIFTY closes near high of this week. All time high is 8180 spot.

Going forward, the region of 7850-7900 is going to be an important level for trend reversals.

VIX is at record low levels and is creating fear in me just when others are getting greedy.

EOD charts

Weekly charts show bullish candle... low of this candle (7925 spot) will be important swing level.

Hourly charts show trend is up and will reverse on close below 8100 spot.

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