NIFTY 5 Days Movement from 30 Dec 2010 to 06 Jan 2011
NIFTY 1 Month Movement from 06.12.2010 to 06.01.2011
If we see the 5 Days movement from 30 Dec 2010 to 06 Jan 2011. Its Clearly shows how NIFTY is going to downside. But If see the 1 month movement from 06.12.2010 to 06.01.2011, its clearly shows that how NIFTY has filled the gap from 5986 (on 28 Dec 2010) to 6176 (on 31 Dec 2010) and ready to go on upside.
So don't be panic on downside 5986 is the last deadline for NIFTY. If this level is touched and crossed by NIFTY then exit from long position in NIFTY.
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