Thursday, October 24, 2013

NIFTY TOPPED OUT FOR SHORT TERM ONE LEG OF UP MOVE IS OVER: EXPECT 6054 OR 5900 AS NEW DN lvl

As expected NIFTY is now entering in SELL mode: Major Big hurdle is now 6250 and last one 6354.
A small rising wedge is emerging on 90 min chart indicating short term outlook weak.
Fresh short below 6170 close with SL of 6225 as SL.
And remain short.
SELL BHEL, DIVIS & TCS turned weak. SELL on rally 

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