Last two trading sessions market is trying to hold the January lows.But it closed above these levels.Day Before Yesterday we made a Spinning Top Pattern, and Yesterday we made a Doji Pattern.From Here where we are heading,Very tough to decide the direction.
Today all the Asian Markets are trading flat.So no clues from that also.So we have to decide by seeing the charts only.In charts if you watch closely Nifty Future is DOWN but the Open Intrest is moving UP.This clearly indicates still we are in bearish phase.If Nifty Future trades below 4314 then it will move further down.Be cautious on your trade on either side.
Wednesday, June 11, 2008
# NIFTY FUTURE for 11/6/2008
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