Wednesday, August 11, 2010

Watch for Decisive Break of 20 ema

A quick mid week update. Just have a look at attached chart. Whenever 20 ems is broken cleanly we have a big correction of additional 400-500 points. 20 ema is at around 5415. If gap down tomorrow chances are 4900-5000 is immediate target in next 4-6 weeks.

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