December 7, 2010

Nifty Daily Analysis

  • 50 DMA acted as strong resistance yesterday.
  • It was one more day of trying to close above 50% Fib level which got failed.
  • Nifty closed below 5 day high ema.
  • Closed below 20 DMA as well.
  • Unless the above mentioned levels are crossed with good volumes nifty may not move ahead.
  • The weekly chart with the hidden trend line that is acting as resistance.
  • CRUDE OIL RESISTANCE AND SUPPORT LEVELS
  • S&P 500 ANALYSIS AFTER CLOSING BELL

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