Wednesday, September 09, 2009

Nifty - Bearish Candlestick Pattern



Nifty has formed bearish Hanging Man pattern on the daily chart with negative divergence with RSI.

Also, 4798 is a key level & nifty has barely closed above it.

Disclosure : I have short positions in Nifty.

Please go through the disclaimer mentioned else where in this blog.

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