Nifty 50 stocks study charts

Thursday, April 21, 2016

Nifty 21 Apr 2016

                                                                  5 mins chart

Nifty opened gap up and then fell down which indicates more downside to come and a trend reversal like situation on daily chart which needs confirmation.First big red candles in the morning of a day in last two trading sessions also indicates that current uptrend is exhausted.

(My apologies for not updating this blog so often as I am busy with some other work these days)

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