NiftyEOD Chart, 11-05-09

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



Markets break 3600 in future and force an exit on long positions.
Cluster Island Reversal confirmation required a big gap down opening today.
This did not happen though markets eventually broke supports. Now next support is at 3500 levels. We may also near RSI supports on EOD charts.
Short term trend is down with stoploss / reversal at 3700.