February 24, 2014

Market outlook

NIFTY trend remains up. We have minor swing low at 6080 spot or alternatively, any of the last 3 day's low can be considered as a tight SL.

Advance decline was flat... this is a bit surprising considering the rally. Ideally, one would expect at least 2:1

Looking forward, we now have a gap resistance in region 6200-6300.

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