December 20, 2010

Nifty Daily Analysis

  • Nifty breaking the sloping trend line will be positive.
  • But bigger up move can only happen if 6035 level is crossed on closing basis.
  • 50 DMA and lots of resistance levels converge near 6035 levels this will make it tougher for bulls to cross this level.
  • Trading below the trend line and breaking below 5890 will favor bears.
  • BANK NIFTY ANALYSIS
  • TATA MOTORS CHART ANALYSIS
  • TATA STEEL DIAMOND PATTERN
  • NIFTY FUTURES BREAKOUT

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