Nifty declined y'day but maintained the level of 6060 which is crucial for signal to be in Lev buy. Any close below 6050 will take it to reduced buy mode on daily charts.
Hourly charts can give short term sell signal below 6050 making the net posn neutral to high beta short for close below 6050.
Bank Nifty is sell on all three timeframes and has been so from 11700 on daily charts.
CNX IT and Reliance contiunes to be in Lev buy mode on Daily and hourly charts and has been for last 2 weeks.
Will update shortly with detail view and levels.
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