October 4, 2010

Nifty Futures Update after closing bell

  • NF daily chart has given a bearish candle
  • NF was not able to sustain at higher levels today.
  • Long tail of the candle suggests selling pressure at higher levels.
  • A weak opening tomorrow will confirm the weakness in nifty. 
By at

2 comments:

  1. RDPOctober 4, 2010 at 3:58 PM

    Very clear, I hope it can also be considered as inverted hammer candle with its own implications. Please inform me if that makes sense. Thanks.

    ReplyDelete
  2. rajiv malikOctober 4, 2010 at 4:13 PM

    thanks san for your wonderful job.....regards

    ReplyDelete

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