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Wednesday, March 7, 2012

GOLDEN CROSS

GOLDEN CROSS FOR NIFTY, inverted hammer at the 200 dma means it is a bullish sign and the candle next to the inverted hammer has a long lower shadow, just touching the 200 dma and comes back or pulls back upward and closed near the open. The lower shadow testing the support of 200 DMA. If this support of 200 DMA  is holding for 3 days and nifty goes upward this is the sign of starting of WAVE 3.

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