August 16, 2010

Nifty 5 minutes chart breaks down

UPDATED CHART 
  • Nifty is trying to reverse from an oversold positions.
  • Trading above 5415-5420 area will be positive for the bulls.

  • Nifty 5 minutes chart is showing a negative picture.
  • 5450 level is broken now. 
  • Nifty should get some support at 5408 level.
  • If 5408 does not hold we may test 5388
  • NIFTY WEEKEND UPDATE

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