June 24, 2010

Nifty daily chart analysis



  • Nifty daily has been closing above the 5 day high EMA for the last 9 days.
  • So weakness can be spotted on a closing below this average.
  • There is an inside pattern or a Harami that has emerged in daily chart. So there is indecision in charts. How will this end as a bullish Harami or a bearish Harami ?.
  • In daily chart price is firmly above 50 and 200 DMA's.
  • DOW JONES END OF DAY ANALYSIS
  • S&P 500 END OF DAY ANALYSIS

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