August 2, 2011

NIFTY Trend update

  • Nifty hourly trend analysis
  • price is staying below 50 Hour and 200 Hour moving average.
  • Price staying below 50 Hour moving average will help bears to push prices down.
  • Things will favor bears till price stays below 50 Hour moving average.
By at

2 comments:

  1. Small traderAugust 2, 2011 at 3:39 PM

    San,
    What is the position of gold. Has gold formed a intermediate top. Pls suggest

    ReplyDelete
  2. SanAugust 2, 2011 at 6:24 PM

    @Small trader
    Gold is showing negative divergence so we may see it dip towards 1580 levels in the coming weeks

    ReplyDelete

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