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Nifty Intraday Tips 10 June 2011

Discussion in 'Trading Strategies & Systems' started by swati83, Jun 9, 2011.

  1. swati83

    swati83 New Member

    May 23, 2011
    Likes Received:
    Nifty Intraday Tips 10 June :- The daily candle chart of the Nifty shows a small bodied bearish candle with a large upper shadow, indicating resistance on advances. The downward sloping trendline still remains a maginot line for the bulls to overcome – failing which any upthrust remains a relief rally. Intraday Tips The Nifty (spot) must stay above the 5550 levels sustainably with volumes and open interest*expansion*to rally intraday. On the flip side, sustaining below the 5530 levels may trigger a fresh bout of declines.

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