NIFTY DAILY MADE DOJI: STILL
DOESN'T HAVE PERFECT TREND
The
NSE Nifty spot closed at 5666, as described in previous report about ranges of
nifty spot. This time, nifty spot made doji, which is a sign of no trend or
continuation of existing trend. This star shows the NO TREND for next day. On
the other hand, major technical indicators are showing negative trend with
negative diversion, but nifty spot is not coming down. This clearly indicates
the strength about index. Supports are as it was indicated in previous report
i.e. 5635 level. Intraday traders are advised to make long position on deeps
with the stop loss of 5587 level.
Happy
Trading !!
Megha
Investments & Research Team
