Thursday, July 25, 2013

Nifty Chart

Position : Nil

Nifty Trade Support 5968-5962 Resistance 6029-6034
Nifty Trend Support 5940-5919 Resistance 6046-6054

Technical Details : After bounce back from 78.6% of the swing
5477-6229 , 23.6% of the same swing is for profit booking.
F&O closing today will issue some volatility with huge range
of  6051-5932.  Today I will try to short again.  Momentum negative,
continuous negative divergence in almost all the indicators.

I shorted previously also around here with sl 6090.

Wait and watch the move today.

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