Ticker

Friday, January 31, 2014

NIFTY



            We had a weak close yesterday but after a good recovery from the low and making a lower tail, we were expecting a good bounce. It failed to bounce & sustain today. There was no follow up buying today. Today’s close is at 6112. The upward movement can take place only & only if it crosses and sustains above
today’s high i.e. above 6135.
            As of now, still the bias is negative and we should look for shorting opportunity, of course with proper & strict Stop Loss. We might test the low again and might see the levels around 6000 once again, rest of the levels & trade can be discussed later when we are at those levels.



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