Nifty Hourly shows a short term negative trend formation with intermediate support near 2620-2650 with respect to the time(remember it may vary with time).
Be cautious if nifty drops below 2620. Also have an eye on Yen as it is trading near 14 years low CMP : 88.2 . Possibly Yen carry trade could happen on monday
Related Readings and Observations
Nifty Trading Update for 16 Jan 2009
Resistance : 2809 RSI-2 : 26.55 Trend : Negative TRIN : 5.83 Nature : Oversold and Bearish At any point of time maximum upside is limited to 31 day EMA which is […]
Updated Gains and Losses from High Probability Trades Related TopicsIcimoku Cloud Forecasting for-High Probability TradesSource:
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