March 27, 2009

NiftyEOd Chart, 27-03-09

This is for education purpose only and may not be useful for trading


EOD view: Markets on one way trip up.... hourly charts overbought with divergences on RSI charts.

No compelling reason to short the market but too late to trade long....so stay out if you are doing nothing.

Use 2 day swing as trailing stoploss (3013). Reverse position if this is triggered.

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