Monday, June 6, 2011

Nifty Trend indicator in Sell mode

The trend indicator has turned to sell mode on Friday mid day.

The index turned down exactly from the 5600 levels which has been resistance for last 3 rimes.  This was the 4th touch and it has failed to take that level out which paints a very bearish picture. 

The buy from 5427 turned to sell at 5543 levels. 


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