Nifty update : 29-10-2013
1.On 24-10-2013 we have seen Pinocchio bar which is a sign of exhaustion .
2.On 23-10-2013 we had also seen hanging man , which is an alert for trend reversal .
3.on 28-10-2013 according to us we had confirmation for hanging man as we have seen nifty closing below 6103.
4. Now we can use 6260 as closing stop loss for risky trader and intraday sl for safe trader for the tgt of 6055-5950-5880 -5745.
5.For 30-10-2013 6247 resistance 6199 support
1.On 24-10-2013 we have seen Pinocchio bar which is a sign of exhaustion .
2.On 23-10-2013 we had also seen hanging man , which is an alert for trend reversal .
3.on 28-10-2013 according to us we had confirmation for hanging man as we have seen nifty closing below 6103.
4. Now we can use 6260 as closing stop loss for risky trader and intraday sl for safe trader for the tgt of 6055-5950-5880 -5745.
5.For 30-10-2013 6247 resistance 6199 support
