Dear all See the High on 5/7/06 is 3198. On 6/7/06 & 7/7/06 Nifty fails to go above the previous high of 3198 and form the lower top 3191. So, every formation of lower top or fails to cross the previous high will create panic. What happened on 7/7 formation of lower bottom 3056. This gives the formation of another lower top and lower bottom. This sign the bearish trend. So, be cautious on your long trend, two days back we already told the be cautious status for long. regds SIVA

Print this post