Friday, November 19, 2010

Nifty Down Trend Begins

Nifty has finally closed below the pivot.  Halting the intermediate up trend,  formation of Lower high will confirm the  down trend.  Trend for Nifty remains down until it gives closing above 6340.    5746, 5562,  5379  are the levels to watch from here on, if the intermediate down trend is confirmed.  On every rise sell Nifty.

No comments:

Post a Comment

Your comments are Welcome ! Please restrict yourself to the subject.