Friday, December 9, 2011

DIRTY CANDLE

This is yesterday's 5 min nifty future chart. Watch the last candle which is bearish ( suggests down move ). Whenever such candle is there and accompanied by large volume, most of the time next day there is gap down ( lower )opening. Even though if there is no gap down opening most of the times next day market closes at lower level than previous day.s closing.
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1 comment:

kolhapuritrader said...

RESULT : today nifty opened 72.9 points ( i.e. 1.47% ) lower and closed also 76.8 points lower than yesterday,s close.

NOTE : These things happens most of the time not always, trader has to manage his trades according to next day's price action.

December 9, 2011 at 8:17 PM

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