Monday, June 01, 2015

Nifty Chart

Nifty stopped around short term negative breakout trend line and expected the
short covering up to lower top trend line once crossed above ST trend line.
Continue lower tops in oscillators indicate  short term profit booking also.
Consolidation stage. 8460 crucial for Bulls then minimum TARGET
8500+.  Global cues will impact some negative opening.  Highly
oversold in daily chart and OBZ in hourly chart implies consolidation.

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