Hummer and Hammer both did not work

Hi All,

Nifty did not cross the said mark of 8545-50, and broke the supports mentioned near 8590. Hence the long trade mentioned yesterday was not initiated at all.

Now the last ray of hopes for bulls will be the support of 8470-8500, and I feel, the same should not be broken, however the area has now become a weak area of support.

So in a nutshell, neither Hummer effect could save India in 4th ODI nor the Hammer could save the Bulls..... ha ha ha ha :)  

Any long trade should only be initiated after a sufficient confirmation on charts.

Will keep you all  posted.

Cheers