Nifty losses its gains and closed marginally negative on 31st, Dec 2008 As of now the trend is neutral.
For the coming session (1st Jan 2009) : Trend is positive until nifty remains above 2950 and short nifty only if drops below 2952 and remain in shorts if closes below 2950 for the day.
Related Readings and Observations
Nifty status update Nifty will deliver a sell signal in SDA2 Trend trading system if and only if closes below 5982 on the daily charts.Nifty longs should be avoided if Nifty closes below 5982
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