> NIFTY - DAILY CHART <
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5970 Resisted today and an attempt to enter the Channel also failed. As already intimated MA's cross over as a Golden Cross and every rise is a sell. But the selling came a bit earlier rather than expected as US Federal Reserve could prematurely wind down its bond buying programme.
> NIFTY - HOURLY CHART <
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5857 support broken today is a real threat for Bulls. Though a Irregular ABC may be in formation as MACD shows a +ve divergence. As a Benefit of doubt no short trade for my clients and have exited Long CTC. Should wait for a clear Picture.
Lets See!!! Cheers!!!
