October 5, 2010

Nifty daily analysis

  • First chart shows the second inverted hammer or shooting star formed in the space of 6 days.
  • First one gave only a minor correction which was supported by the 5 day low ema as can be seen from the 2nd chart.
  • Weakness will be seen only if the index opens and trades below 5 day high ema.
  • RELIANCE INDUSTIRES DAILY ANALYSIS

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