VWAP @ close is 4798. Nifty closes at 4763 with a negative bias.
1) The negative bias continues below 4865 and today also Nifty failed to cross 4840 on spot price. The reversal level remains 4865 on spot prices for bias to change to positive.
2) The lows of 4640 could be once again tested below 4730 now.
3) The link of my post of December 2nd is once again given for the Nifty long term view. The stage looks set for a new low below 4640 within this week itself. http://niftyintradaycalls-vk.blogspot.com/2011/12/trade-plan-december-5-2011.html Happy trading :)
No comments:
Post a Comment