Thursday, October 17, 2013

Nifty Chart


Position : Short
Nifty Trade Support 6060-6051Resistance 6117-6129
Nifty Trend Support 5974-5969 Resistance 6156-6167
Stop loss 6150 on closing basis
Negative divergence in hourly chart, hit the previous high 6142 [actual 6156, 
closing basis almost DOUBLE TOP
not sustained above that and closed at 6089[-67], So wait and watch
the breakout.  


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