Wednesday, August 17, 2011

18/08/2011 Trading Views

Nifty made a high of 5112 low of 5017 the low and closed at 5056.6 which is up by 20 points.
The low made by today is exactly the previous days low which made a tweezer bottom candle which is a bullish reversal candle.

By this formation one can consider buying Nifty around 5020-5040 with stop loss of 4990 for the target of 5110 and 5190.

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