Nifty EOD chart says, i am highly confused and dunno where to go :-D.
nifty is on a downtrend, but i am surprised to see how it is reluctant to fall.
every dip is being bought into, and shorts are not at all comfortable.
now in terms of levels, till nifty is below 2755, it will be on a downtrend, and if closes above 2755, may quickly go to 29xx, where it will give a good shorting oppurtunity :-).
for intraday today, below 2655, nifty is weak and may see 2552 levels, however if crosses 2655, may blast to 2680-2697 levels.
a closing below 2655 will be considered as weak.
i personally feel, nifty may give a sudden upmove before it resumes its downtrend again.
(60 min intraday chart attached, All Future Levels)
