December 8, 2011

NIFTY Analysis

  • Price is pausing after an up move. The last chart shows 5 Day High EMA trying to cross 50 Day SMA. At this stage if price price stay above 5 Day high EMA on closing basis this up move will continue to gain strength.
  • Weakness can be seen if price does not hold above 5 Day High EMA or a close below 50 Day SMA.
  • 50 Day SMA at 5017
  • 5 Day High EMA at 5025
  • US DOLLAR ANALYSIS

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1 comment:

  1. lalitlkDecember 8, 2011 at 9:55 AM

    Glad to see ur's interest in Ichimoku view; just a novice's learning effort
    http://kolkatabull.blogspot.com/2011/12/nifty-what-may-be-unfurling.html

    ReplyDelete

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