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Last Updated : Aug 12, 2015 08:34 AM IST | Source: Moneycontrol.com

Market at the risk of reversal

Nifty went third time to 8,600-8,650, could not break that had a false breakout and then the breakdown actually took place on the other side.


This is your pre market set up on this Wednesday morning which is looking a bit ugly. The reason for that is the last two days have clearly changed the trend of the market or at least the market is now at the risk of a trend being changed. The reason for that is that the Nifty went third time to 8,600-8,650, could not break that had a false breakout and then the breakdown actually took place on the other side.

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First Published on Aug 12, 2015 08:31 am
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