September 16, 2010

Nifty Hour chart analysis

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CHART-III
  • 5824 NF seems to have given support for now. Closing above this will be good for the bulls.

CHART-II
  • Today's bullish Hour candle being engulfed by a bearish one. It was a result of a doji that stood between the bull and the bear

CHART-I
  • The hour candle has given a doji which has come at the top of the trend.
  • Bulls are safe if NF trades above 5824

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