Monday 17 October 2011

Post Market Update

Nifty faced resistance at the channel line which is plugged at 5161. Opened here and traded lower.

According to the weekly levels posted it was a sell below 5133 for a target of 5178.

As per the daily charts posted it was written to short below 5117 and go long above 5135.

Shorting below 5117 target given was 5085. Nifty made a low of 5184.85


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