Nov 2, 2010



is it start of new uptrend or false breakout ...? on ichimoku charts, short term oscillators are in the neutral zone and macd is giving buying signal which has to be confirmed yet with atleast two positive bars, price is resisted at cloud span A and closed with in the clouds indicating resistance at higher levels...
Support level is at 6110 and closing above 6151 is required to consider this upmove as start of fresh uptrend. Until then trade lightly with tight stoploss.

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