April 19, 2010

NIFTY Weekly Technical analysis

NIFTY WEEK CHART - 1
NIFTY WEEK CHART - 2

NIFTY WEEK CHART - 3

  • Weekly stochastic has given a sell
  • It coincides with the weekly trend line break. And as you can see from the charts this even has given a good trade on the short side last 2 times.
  • supports might come only around 4950-5000.

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