May 27, 2011

NIFTY - An important weekly close.

  • Nifty week may try to close above the trend line shown in the first chart.
  • So today's closing should happen above 5440 at least for price to stay above the trend line.
  • Daily is showing a descending channel. Closing above the resistance line of the channel may give a long trade.
  • EURUSD CHART ANALYSIS

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