Technical Analysis of Indian Equities by Nooresh

Nifty – A 150 point salute to Raghuram Rajan

 

Todays gap up of 150 point on Raghuram Rajan speech is a good thing for everyone. The bulls get their profit booking zones and shorts can be back with a risk-reward in favor.

 

Technically the trend has changed to down post the trendline breakdown. A retest of same is always warranted and generally is a good time to increase cash or go short.

 

This is the quick technical chart.

 

Nifty - Trend Change

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Article by Nooresh Merani

Nooresh has written 2615 articles.

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