We have broken the uptrendline which took us up rom 3700 levels. RSI has also broken trendline on daily charts. Stochastics indicator pointing downwards. What does this mean? Well, NIFTY is weak and market seems to be headed down. Maybe 4000 or below. Its a short on every rise market now.
Monday, September 15, 2008
NIFTY view....sep 15, 2008
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