Nifty Candle

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Mayur Patel

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Jul 8, 2014, 7:36:09 AM7/8/14
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Massive Engulfing Bear Candle today on Nifty Spot. Closed below last week’s gap area of 7650-7677, which is a bad sign. Major support @ 7590-7600 levels which is the 20EMA. Nifty has been taking support of 20EMA & bouncing back since March 2014. A close below 7590, will tgt 7420-7200 levels very quickly.
 
 
 
 
 
Regards,
 
Mayur K Patel
Branch Manager,
Sharekhan Ltd,
Ghatkopar Branch, Mumbai.
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