- Dow Jones futures 4 hour chart with support and resistance line.
- The index has given a break out. Now the closing should be near the high point of the day for this bullishness to sustain.
July 22, 2010
NIFTY WEEKLY CHART
- Nifty weekly chart with stochastic indicator.
- The indicator is in overbought zone and is yet to show any weakness.
- Index is also respecting the weekly trend line.
- A Break of the trend line coupled with a sell signal in stochastic should be a good place to go short.
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