Markets open Gap down giving way to Egypt Turmoil. With the filling up of the gap came a small winning sell trade, which closed with a 19 points gain. IFCI had a short position which got covered with a tick’s loss. The standing of NIFTY is various time frames on the day’s close. Daily firms up bearish trend, hourly continues to trend bearish with a 175 points open profit in the short trade. 30 minutes chart is about to give a bullish reversal with an above 200 points gain on the running short position and is trending. 10 minutes chart is non-trending and has given a bullish break out.
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