Nifty opened with a gap down as expected.After the first hour of trade there was some upward momentum.We had a buy signal in nifty at 2565 levels at about 11 am which was for intra day traders.which was confirmed again at 2pm when nifty started trading above 2590.Later nifty went on to close at 2620.Which is above our bearish level of 2611.So now nifty trend has changed from bearish to neutral.For it to get bullish nifty has to close above 2660.Overnight US markets had a flat to positive close.
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