Wednesday 17 February 2016

NIFTY IT Index following Basic Technical Techniques perfectly

                      
                                                           IT Index Daily Chart


  • NIFTY IT Index has broken below the H & S pattern 
  • The Indices is following the classic channeling technique perfectly
  • The application basic tools also would give excellent results some times

The appropriate risk/reward ratio and execution (Entry & Exit) is vital .....

What is NIFTY, Bank NIFTY, NIFTY Pharma, NIFTY FMCG and NIFTY Energy sectors indicating ....
Because it is vital to know market internals to understand the prevailing trend and trend reversal points ....
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