Thursday, September 19, 2013

Charts - 2 of n


On Sep 18, the index was flat till 14.30. This was followed by a bullish end of day rally. This indicated a buy signal. On Sep 19, on back of good news which was unknown a day before, we see a gap up. The first 5 minutes form the range for the next 3 hours. This was followed by a bullish rally for the rest of the day. As the news lead to overbought levels, there is seen some cooling down in the last hour to 6100 levels.

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