50x100 sma crossover not yet, one can very clearly see how imp the crossovers between 50 sma and 100 sma as well as 100 sma and 200 sma have been in deciding the mkt direction in the past. 200 sma is considered as a decider between bull and bear mkts, but during transition between the bull and bear phases a criss cross on its both sides may happen a couple of times, e.g., during a large corrective upswing.
1000 sma is at 3673, 1200 sma at 3365 and mkt perhaps watching the nifty movement to 200 sma which is 3443 where it may get a reaction.
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Thursday, April 9, 2009
LT sma's...
Posted by abhay r somkuwar at 7:04 AM
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