daily nifty chart is showing that nifty last candle showing state of confusion...traders are buying but selling pressure is coming at 5420 level coz sell calls are there but soon this will be going to over as nifty is developing new trading channel and bottom trend line is intact till now ...financial sector digested RBI rate hike , reliance too digested low gas output and japan crisis is almost over and Libya problem is not a big issue for nato forces so be cautious....in ur trades ...stochastic at turning point and rsi too at bouncing level ...so won't surprise if mkt will take a bounce soon ....
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