Unfortunately, rejection from crucial level.

Nifty as on 11 March’13 – 5942.35(Spot)

Yes, it is very unfortunate that bulls are struggling to keep prices at higher level, and we witnessed rejection. Now we have one less probability to stay bullish in Nifty. Still, I would like to give benefit of doubt, and wait for today’s price action, if history repeats than we’ll be looking for short trade,,, but as I said,,,wait for confirmation.

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