September 9, 2011

NIFTY Daily Analysis

  • Stochastic has reached overbought levels.
  • Price has some more distance to go for the upper bollinger band.
  • Fib levels and Gap zone shows strong resistance levels starting from 5230 levels
  • But for bulls who follow the close of 5 day high EMA there is no weakness yet. Crossover of 5 day high ema above 20 day sma has down well till now.
  • EURUSD AND US DOLLAR TREND UPDATE
  • CRUDE OIL RESISTANCE LINE

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