Oct 29, 2010

Nifty closed at chikou span line...Nifty is below all major levels. The resistance levels are 5987,6044,6084 and then 6125. Support is now at around 5930 levels. The cloud crossover on November 05 indicate trend may change from that date. Till that time, the present correction may continue. Trade light with tight stop loss and use SAR

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