Nifty - Future daily charts are shown above
Yesterday post here. We hit the levels and closed above the target (4785)
We did close above 4785 but trend is still down. One can sell on highs and cover on lower levels.
Positionally, it seems we may be heading to touch Dec'2011 lows slowly and steadily. There is a gap also at 4656 - 4680 which is not filled.
Below 4785, we can look at 4656 and 4540 levels.
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