Thursday, August 08, 2013

Eid mubarak folks

Technicals for 8-August- 2013 for Nifty

Eid mubarak folks!,where's my Eidi? i hope u gift me atleast one Rolls Royce (its year and model doesnt matter to me till its Rolls Royce, No Chinese toy cars or fakes please), ok come back to serious money matters now, On 7-August-2013, Nifty Closed at:5,519.10 (-23.15 points) recovering from lows of the day on account of short covering by bears. on 8-aug-2013, there will be buying opportunity/short covering by bears due to early weekend and sight of bulls on the horizon.

 Daily trend(as per XL trading system):down trend
Market Type(as per XL trading system): bear market

 Daily Nifty Technicals Snapshot:

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