Nifty technical analysis ( 26 June 2013 ) - Bears have won

As a trader we look at opportunities. When there is a change there is a opportunity. Yesterday we saw bulls and bear having tough and  equal fight , look at the Doji created after a downfall ( Almost like a kicker). So this doji was a sign that probably selling has stopped, but we still needed confirmation about it today.

Sad part was that the bears won. So we are now looking for a blood bath in the market and the next support is 5500. With the rupee crossing the physiological 60 rs mark, tomorrow’s session will be again a bad one.

Keep your money in your wallet, stay away from longs , watch for opportunities time will come to earn money.

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