November 30, 2010

Nifty Daily analysis

  • First chart shows nifty taking support near 100 DMA. But we have to see for how long this support last. If price consolidates here without making new lows an up move is possible.
  • Second chart shows a narrow down trending channel of nifty spot. Breakout of the resisting trend line can give an up move.
  • DOW JONES EOD ANALYSIS

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