Nifty closed at
7649.90 on 12-6-2014
Nifty closed just near the
previous closing top of 7656.40 made on 10.6.2014, had it crossed it then it
could have been assumed that the correction on closing basis is over for now
but closing just below the top shows indecisiveness .Nifty has to close above
7656.40 mark to indicate that the up move is on or if it closes below
7621 then it could trigger reasonable down correction. However the
support of 7563 hold good for the month of June-2014 and the deeper correction
can only set in if it stays below this mark.
REMARK:- Nifty close seems indecisive
today therefore, I suggest to avoid trade in nifty on 13-6-2014.
Contact me for strategic guidance to enter and
exit the trade
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Thank you for sharing your views.