May 2, 2011

NIFTY Intraday Update

  • Nifty spot four hour time frame.
  • Price is trading near the bottom of the range. Range is between 5690 - 5945.
  • If price forms Doji formations here we may see nifty take support and give an up move.
  • Day closing below 5693 will favor bears for bigger corrections.

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