Interesting way to begin the new year, with a series of Inside Bars IN MONTHLY CHARTS
Textbook says:
Above 3110, atleast 3240
Below 2570, atleast 2502
sheesh...!!!
this is what everybody knows till now
Rajaram.Dilipkumar,
A special attention here please...
Once you had remarked, that Nifty has not even reached oversold conditions, after Jan08 & Jun08 mayhem, as per RSI in monthly charts.
Well, your wish has been fulfilled in the beginning of the new year...As at close yesterday, RSI(14) is 25!!!
cheers
(others, please ignore RSI(14) in monthly charts... as u can see, it shos that it was over-bought thru out 2004-07, but we still had a bumper rally)