15/10/2012 Trading View
Nifty made a high of 5752 low of 5659 and closed at 5676 which is 32 points down from previous close.
Nifty is trading in the range of 5670-5750. Only on breaking any of this side Nifty will move further on that direction.
In the Nifty weekly chart It has formed a bearish engulfing candle which gives bearish sign.
So on breaking 5640 it will confirm and it will move towards 5550 and to 5420.
So any rise up to 5750 can be utilized for shorting by keeping 5760 as stop loss for the target of 5670 , 5640 , 5550 and further.
Nifty made a high of 5752 low of 5659 and closed at 5676 which is 32 points down from previous close.
Nifty is trading in the range of 5670-5750. Only on breaking any of this side Nifty will move further on that direction.
In the Nifty weekly chart It has formed a bearish engulfing candle which gives bearish sign.
So on breaking 5640 it will confirm and it will move towards 5550 and to 5420.
So any rise up to 5750 can be utilized for shorting by keeping 5760 as stop loss for the target of 5670 , 5640 , 5550 and further.
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