April 11, 2011

Nifty Daily Analysis


  • Nifty Weekly chart has given a reversal candle near Golden ration.
  • Price breaking above 61.8% again will give good upward momentum for nifty.
  • Price still stands above Week High Ema which is the main support for bulls.
  • Hourly chart is showing a channel. Lowe breakout from this channel will be negative. Upper breakout will favor bulls.
  • BANK NIFTY WEEKEND UPDATE

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