At 2850 there resides a Bear and at 2780 a Bull lays there, both led a lot of pigs to the slaughter house, by taking the Nifty nowhere (the laddie is turning into a poet eh!). Blessed are the pigs for they alone shall be called the BROKERS DELIGHT! Nothing much to add to the Nifty update posted yesterday. The range is getting tighter and one favorable trigger can lead to a surge on either side. The daily chart on the left is stalling at the 50 periods MA, similarly the hourly on the left seems to be meeting it nemesis at 200 periods! Nothing is happening in Nifty avoid being a pig; avoid nifty till you get a clear direction.
"All things are difficult before they are easy." Thomas Fuller
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