Technical Trader's Guide

Tuesday, 8 November 2011

Nifty - 08 Nov 11 - Repeat performance expected

Nifty may again open with a unsustainable up gap only to close in the Red

As discussed on Friday, the Nifty opened with a positive gap that was never sustained during the entire trading day. After opening at 5326, the Nifty traded below that mark for the entire day, before closing at 5284. Today again a repeat performance is expected, and hence, Friday's trading plans are what we will trade on today as well.

Happy Trading !!! 

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