2010/02/15


Nifty closed at 4801.95, it failed to cross the 4830 hurdle again.When the 4810 level was broken it gave 25 point trading opportunity on shorts.It made a low of 4784.There seems to be distribution happening at higher levels.Since most asian markets were closed today on account of Chinese New year and US markets also closed on account of Presidents day there was no trigger for the markets still it closed weak.Which gives a advance warning of the things in store for coming days.

No comments: