Today Nifty gave a triangular breakout and opened gap-up in line with other markets. It was a very good sign.But it went upto 5368 and made double top(High on Feb 19) there and slipped due to heavy selling pressure and closed inside the triangle by forming a DOJI pattern.This type of formation accours at top it is a bearish sign.Now Major resistance for upmove is 5368 and 5400.Until it closes above this levels SELL at High Buy at DIPS.
Thursday, February 28, 2008
NIFTY for 28/02/2008
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