Nifty in medium term is in buy mode since June 24th 2011 with trailing support coming near to 5587. Already short term trend had moved to sell mode today. Overall in medium term nifty needs to hold 5587 on eod basis trend reversal will happen if 5587 breaks on EOD basis.
SDA2 EOD Charts for Nifty – Medium Trend Update
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Regards,
Sandip