July 9, 2010

Nifty daily chart analysis

  • Nifty gave a break out but closing was negative.
  • Current weekly candle is looking ok but if it closes lower with long upper shadow it will be negative.
  • The line chart is still not showing a break out.
  • Nifty futures yesterday showed a gravestone doji. So the bulls should try to give a bullish candle to reduce the bearishness caused by the doji. 
  • DOW JONES ANALYSIS AFTER CLOSING BELL
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