Update - End of Day : 20 December 2011

Nifty - End of Day Chart - 20 12 2011

Update to our week-end chart -the Price seems to be making a bee-line for our channel bottom .. guess the Bulls would look at holding this line after the morning star failed to shine on them... :)

Update - End of Day : 19 December 2011

Nifty - End of Day Chart - 19 12 2011

Above is the zoom in of the EOD chart we saw last week end - in candle mode - so that one can share a view of the last two candles ... One looks for reversal signs during every trend and so, the last two candles suggest the possibility of a 'Morning Star' Formation ... if not, its good for a revision of the same in the very least...

http://www.investopedia.com/terms/m/morningstar.asp#axzz1gzJs4sbR

http://thepatternsite.com/MorningStar.html