Nifty is still trading in the channel. On 1st Aug 2013 it managed to open gap up above the channel but it slipped in it, also on 2nd August (friday) it tried holding upper trend line of the channel but failed and market slipped below 5700 and closed. As seen in the chart nifty is still holding the lower trend line of the channel and which is some hope for the traders who expect bounce back for current levels.
No comments:
Post a Comment