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Saturday 23 July 2011

Nifty stocks recently turned bearish

There are bearish stocks whose closing prices are below 200 DMA (Daily Moving Average) but above 50 DMA. That is, medium term bullishness is exhibited but may be resisted at 200 DMA level. We may watch out for breakout above that level when the stock may be turned bullish long term. But if again the prices fall below 50 DMA it may augur high degree of weakness and precipitous falls.




*200 DMA 50 DMA are from Yahoo Finance quotes. Google spreadsheet takes sometime to get fully loaded because of updating of content.

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