nifty weekly charts

hi folks,
some intersting observation in nifty.macd weekly levels......attachind d charts..is there something phishy out there......the macd 26,9 the set up is similar to that of jan 2008 levels....FII's are net sellers for the past 2 months......with index pe at 19-21 range.......keep it in mind........

trade safely

vsangeeth


http://img197.imageshack.us/img197/7610/macdniftyweekly.jpg
http://yfrog.com/5hmacdniftyweeklyj

hi folks,
the nifty has took support at crucial 4340-4360 levels,where the 50daily ema and weekly 10 ema converge....dont be on the long side once index breaks this crucial support level......

happy trading

vsangeeth