Tuesday, November 23, 2010

NIFY EOD Analysis as on 23rd November 2010

Today, NIFTY broke down well below the 61.8% level during intraday, but bulls pushed it higher and then the close was above 61.8 level. The candle pattern looks like a hammer. Needs confirmation now. Until then, we are in downtrend.



Questions
What is going to happen next?

Let's wait and watch!