April 26, 2011

NIFTY EOD Update

  • Nifty hour is showing weakness at the top
  • We have a Pin bar reversal candle which will put pressure on index.
  • Price has again gone back into the range in which it was trading in for the last two days.
  • Failing to cross 5913 will favor bears. Trading below 5857 will give another chance to go short.

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