19 oct 13, 6 : 00 pm
Daily Trend : Up
Weekly Trend : Down (Price at resistance)
The Daily trend of the is nifty is in strong up trend. Nifty has reached the multiple resistance zone 6236 - 6338.Nifty has just closed below the weekly resistance line. This implies short term bearishness. The up trend which started from 5120 carried till yesterdays close.
Conclusion:
No long trades should be taken know, existing long take some profits and revise stop loss. Wait for price to show some clear signs and decide the trade.
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