Thursday, January 26, 2012

Heading into last cluster of resistances

The trend line joining all the tops from 6339 comes at around 5200. The 200 DMA which is the dividing line between a bear and bull market also comes at 5208.
The 80 pc retracement of 5400 - 4532 comes at 5226.

Above 5230, we have entered a fresh bull market.

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