ANALYSIS FOR DEC 20

Booked the longs at 4610NF. Closing all positions as i will not be available for the next 10 days. Whenever possible I shall give EOD updates.


PASURAM - 4 -

Nifty made a low of 4556 and bounced back upto the previous Low of 4628 and managed to close above the pivot. Today strength will remain if trading above the pivot and subsequently a close above the Day Lema at 4650 would give some strength for NS to move up. A Break and Close below the 4550 lows guarentees more downsides.

ANALYSIS FOR DEC 19

PASURAM -3:

Nifty broke the Prvious Low of 4639 - making the Possibility of a Santa rally looking Bleak. Is it really so bleak??

The Bearish Bat pattern mentioned earlier gets invalidated and two possibilites are present currently:

MARGHAZHI THINGAL

Andal of Puthur abound with swan in field Had rendered many beautiful musical lyrics of Tiruppavai; Had offered floral garland to Ranga, Having worn foremost in her tresses; Her you extol.

PASURAM - 1- MARGHAZHI THINGAL