{"id":1381,"date":"2012-01-23T08:53:13","date_gmt":"2012-01-23T03:23:13","guid":{"rendered":"http:\/\/www.cashthechaos.com\/blog\/?p=1381"},"modified":"2014-01-14T21:59:50","modified_gmt":"2014-01-14T21:59:50","slug":"technicals-23rd-jan-2012","status":"publish","type":"post","link":"https:\/\/www.cashthechaos.com\/blog\/2012\/01\/23\/technicals-23rd-jan-2012\/","title":{"rendered":"Technicals 23rd Jan 2012"},"content":{"rendered":"<p>Nifty (5048): Nifty's high on Friday was exactly one point below the resistance of 5065. The pattern on the daily chart is a stalling pattern.<\/p>\n<div id=\"attachment_1382\" style=\"width: 410px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Nifty23Jan2012.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1382\" class=\"size-medium wp-image-1382 \" title=\"Nifty23Jan2012\" src=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Nifty23Jan2012-300x141.jpg\" alt=\"\" width=\"400\" height=\"225\" \/><\/a><p id=\"caption-attachment-1382\" class=\"wp-caption-text\">Nifty - Daily Chart<\/p><\/div>\n<p>Without getting in to the short term technical\u00a0labeling\u00a0of the market, there are two possibilities:<\/p>\n<p>a) The corrective rally has already peaked<\/p>\n<p>b) Or after a mild dip, the sucker rally continues to head higher and traps a huge number of bulls<\/p>\n<p>Once again the key for this going to be 4800 - <strong>that is the line in sand<\/strong> for the bull-bear divide on the Nifty. If I see any other early sign that the corrective rally has ended, I will post or send an intra-market update.<\/p>\n<p>Resistance: 5065: Support: 4910<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nifty (5048): Nifty&#8217;s high on Friday was exactly one point below the resistance of 5065. The pattern on the daily chart is a stalling pattern. Without getting in to the short term technical\u00a0labeling\u00a0of the market, there are two possibilities: a) The corrective rally has already peaked b) Or after a mild dip, the sucker rally <a href='https:\/\/www.cashthechaos.com\/blog\/2012\/01\/23\/technicals-23rd-jan-2012\/' class='excerpt-more'>[&#8230;]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,76],"tags":[],"class_list":["post-1381","post","type-post","status-publish","format-standard","hentry","category-indian-stocks","category-premium-content","category-42-id","category-76-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/1381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/comments?post=1381"}],"version-history":[{"count":5,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/1381\/revisions"}],"predecessor-version":[{"id":1722,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/1381\/revisions\/1722"}],"wp:attachment":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/media?parent=1381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/categories?post=1381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/tags?post=1381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}