Thursday, August 16, 2012

17/08/2012 Trading View

Nifty made a high of 5390 low of 5356 and closed at 5362 which is 17 points down from previous close.

Nifty is loosing its bullish momentum and it formed a bear candle.

Nifty found resistance at 5390 so one can consider shorting below this by keeping stop loss at 5405 for the target of 5335 , 5305 and further.

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