April 13, 2011

Nifty's Reversal candle

  • Price is respecting the weekly reversal candle formed last week.
  • Bears will be safe to hold on to the short positions as long as price trades below 5850.
  • Price Trading above 5850 means entering the tail of the reversal candle which will make bears uncomfortable.
  • Reversal candle has formed after price hitting a broken trend line which acted as support.
  • CRUDE OIL BACK TO THE BREAKOUT LEVEL

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