Monday, December 16, 2013

Monday Dec 16

NIfty continues downward move. Doesnt look like a 2nd wave now. But it has also gone too low for the correction wave.
AO is still in red and hence, no reversal expected. AC is down for 3rd consecutive day now. There could be one last buy opportunity before the crossing the line. But now almost a week has gone since market sliding hence difficult that there will be an upside now.

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