Tuesday, July 20, 2010

Nifty in the correction mode

Personal View:-
Nifty is finding very difficulty in trading above 5400 levels. Even with the Gap opening today, Nifty could not stabilize above the 5400 levels. And in the post session Nifty is sliding down. Currently its trading at 5365 after making a high of 5416. Yesterday also in the Nifty chart a Doji pattern has been made at the top. We might see some correction till the time the Nifty closes above 5400 levels for atleast 2 days. limit ur open trades as the Markets have corrected after making a DOJI patter yesterday.
Sent at 15:21 on Tuesday

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