June 7, 2011

Nifty Daily Analysis

  • Nifty took support at 20 DMA. But if this level gets tested repeatedly it may not hold.
  • At the top ichimoku cloud is acting as resistance. Price unable to pierce the cloud at the moment.
  • So it is still in that neutral zone. Lets wait for price to give a clear direction.
  • NIFTY WEEKEND UPDATE

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