June 12, 2012

Nifty Update - 12th June 2012


Nifty Future daily chart above

we had first downclose day after 3 days of upmove. Is 5124 our lastest swing high or this is just a temp pause, have to be seen.

Again good time to sit outside and let the market decide its next move and then trade. Or else be stock specific.

Levels to keep eye on  - above 5162 for long trades and below 5020 (for risk lovers) for short trades else 4940 for downmove.

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