Friday, June 25, 2010

Short trades on NIFTY closed at loss.

Swing short position on NIFTY got covered at a 22 points loss while the Trend position gets revered to long with a 33 points loss plus commissions. We have not reversed swing position because the NIFTY chart is not trending. While on the trend system the ratings have turned strongly bullish, a straight change from bearishness that prevailed on the opening hours.

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