Technical Forecast for 12-August- 2013 for Nifty
On 8 - August-2013, Nifty Closed at:5,565.65 (+46.55 points) recovering from lows of the day on account of shortcovering by bears, on 12 - Aug-2013, its monday morning, bulls and bears will have hangover of past early weekend, but there will be short covering by bears but overall a flat trading day ahead so guys take a break.
Daily trend(as per XL trading system):down trend
Market Type(as per XL trading system): bear market
Daily Nifty Technicals Snapshot:
Performance: “Sell to Buy” “Buy to Sell” signals of XL trade signal reporting software system for Nifty.
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