March 18, 2011

Nifty Daily Analysis

  • Nifty's moving average is showing a bearish alignment.
  • 20 day moving average is approaching 50 dma. 
  • We had a similar event near 6000 levels. For this one to work perfectly Price should continue to stay below 20 day moving average.
  • Bears will get bigger gains once the trend line shown in weekly chart gets broken.
  • SILVER May Give a Bearish engulfing Weekly candlestick pattern

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