Monday, January 10, 2011

Nifty Futures: Covering partial shorts at 5845

Nifty futures index is showing signs at a very important level of 5800
Also the hourly indicators are in deep oversold mode with RSI in single digits.

The Hourly system in sell mode with Daily also in sell mode we can cover 50% at these levels and let the rest run for some time but there is no signal from the system to cover short.

We are short from 6050 levels.

Attached is the chart.

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