January 13, 2011

Nifty's Turning Point

  • Nifty has started an up move after finding support near 5690 level, Line chart shows the u turn made by nifty.
  • Up move can only increase momentum if nifty closes near 5 day high ema.
  • There are many resistance levels on its way up. 50 DMA and 61.8% Fib level is at 5995.
  • US DOLLAR TECHNICAL ANALYSIS

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