Wednesday, October 3, 2012

Nifty Heikin Ashi candle chart for 03-10-2012

Daily chart:
If the market opens and moves below 5697 then the candle may turn red indicating weakness in the market. Even if the market opens above this point, it has to remain above this for the candle to remain hollow.
Hourly chart:
If the market opens and remains above 5715.85 then the hourly candles may remain hollow indicating the strength in the market. If it moves below, it will indicate the weakness.


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